DJ Synopsys Inc. Stock Underperforms Thursday When Compared To Competitors
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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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(END) Dow Jones Newswires
October 31, 2024 16:45 ET (20:45 GMT)
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