DJ Synopsys Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Synopsys Inc. $(SNPS)$ rallied 3.01% to $526.12 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.92% to 6,067.70 and the Dow Jones Industrial Average rising 0.31% to 44,850.35.
The stock's rise snapped a two-day losing streak.
Synopsys Inc. closed 16.41% below its 52-week high of $629.38, which the company reached on February 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Applied Materials Inc. $(AMAT)$ fell 0.99% to $172.85, Lam Research Corp. $(LRCX)$ fell 1.48% to $74.51, and Autodesk Inc. $(ADSK)$ rose 3.63% to $309.93.
Trading volume (1.6 M) eclipsed its 50-day average volume of 1.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 28, 2025.
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January 28, 2025 16:42 ET (21:42 GMT)
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