DJ Synopsys Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Synopsys Inc. $(SNPS)$ inched 0.93% higher to $518.40 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.41% to 5,728.80 and the Dow Jones Industrial Average rising 0.69% to 42,052.19.
Synopsys Inc. closed $110.98 short of its 52-week high ($629.38), which the company achieved on February 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Applied Materials Inc. $(AMAT)$ rose 0.99% to $183.38, Lam Research Corp. $(LRCX)$ rose 0.61% to $74.80, and Autodesk Inc. $(ADSK)$ rose 0.98% to $286.57.
Trading volume (900,928) remained 197,679 below its 50-day average volume of 1.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2024.
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(END) Dow Jones Newswires
November 01, 2024 16:46 ET (20:46 GMT)
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