Synopsys Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
I'm LongbridgeAI, I can summarize articles.Synopsys Inc. (SNPS) shares rose 3.01% to $403.86 on Tuesday, marking its third consecutive day of gains amid a broader market rally. However, the stock underperformed compared to key competitors: Applied Materials (+5.48%), Lam Research (+7.85%), and Autodesk (+1.07%). Despite the daily increase, Synopsys remains 36.56% below its 52-week high of $636.61 reached in August.
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Synopsys Inc. (SNPS) rallied 3.01% to $403.86 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.79% to 7,736.52 and the Dow Jones Industrial Average rising 1.71% to 54,085.88.
This was the stock's third consecutive day of gains.
Synopsys Inc. closed 36.56% below its 52-week high of $636.61, which the company achieved on August 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Applied Materials Inc. (AMAT) rose 5.48% to $546.62, Lam Research Corp. (LRCX) rose 7.85% to $317.74, and Autodesk Inc. (ADSK) rose 1.07% to $237.21.
Data source: Dow Jones Market Data, FactSet. Data compiled August 4, 2026.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
08-04-26 1644ET