DJ Synopsys Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Synopsys Inc. $(SNPS)$ slipped 3.67% to $509.71 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.27% to 6,051.97 and Dow Jones Industrial Average falling 0.50% to 44,368.56.
This was the stock's second consecutive day of losses.
Synopsys Inc. closed 19.01% short of its 52-week high of $629.38, which the company reached on February 22nd.
The stock underperformed when compared to some of its competitors Wednesday, as Applied Materials Inc. $(AMAT)$ fell 1.26% to $180.89, Lam Research Corp. $(LRCX)$ fell 2.03% to $81.57, and Autodesk Inc. $(ADSK)$ fell 0.81% to $297.28.
Trading volume (979,295) remained 163,216 below its 50-day average volume of 1.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 12, 2025.
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February 12, 2025 16:42 ET (21:42 GMT)
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