Synopsys Inc. Stock Underperforms Thursday When Compared To Competitors

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DJ Synopsys Inc. Stock Underperforms Thursday When Compared To Competitors

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Synopsys Inc. $(SNPS)$ shed 4.25% to $513.61 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.86% to 5,705.45 and Dow Jones Industrial Average falling 0.90% to 41,763.46.

The stock's fall snapped a two-day winning streak.

Synopsys Inc. closed $115.77 short of its 52-week high ($629.38), which the company reached on February 22nd.

The stock underperformed when compared to some of its competitors Thursday, as Applied Materials Inc. $(AMAT)$ fell 2.01% to $181.58, Lam Research Corp. $(LRCX)$ fell 2.75% to $74.35, and Autodesk Inc. $(ADSK)$ fell 1.74% to $283.80.

Trading volume (1.2 M) eclipsed its 50-day average volume of 1.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 31, 2024.

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October 31, 2024 16:45 ET (20:45 GMT)

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