DJ Synopsys Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Synopsys Inc. $(SNPS)$ inched 0.62% higher to $523.98 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.39% to 5,893.62 and the Dow Jones Industrial Average falling 0.13% to 43,389.60.
The stock's rise snapped a two-day losing streak.
Synopsys Inc. closed $105.40 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 Monday, as Applied Materials Inc. $(AMAT)$ rose 1.10% to $170.73, Lam Research Corp. $(LRCX)$ rose 0.74% to $70.57, and Autodesk Inc. $(ADSK)$ rose 0.97% to $302.05.
Trading volume (894,831) remained 90,115 below its 50-day average volume of 984,946.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2024.
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(END) Dow Jones Newswires
November 18, 2024 16:46 ET (21:46 GMT)
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