Synopsys Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
I'm LongbridgeAI, I can summarize articles.Synopsys Inc. (SNPS) shares rose 2.80% to $389.07 on Tuesday, ending a six-day losing streak amid broader market gains. However, the stock underperformed compared to key competitors; Applied Materials and Lam Research saw larger percentage increases, while Autodesk declined. Despite the daily gain, Synopsys remains significantly below its 52-week high of $651.73 reached in July.
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Shares of Synopsys Inc. (SNPS) advanced 2.80% to $389.07 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.89% to 7,509.20 and the Dow Jones Industrial Average rising 0.74% to 52,224.64.
The stock's rise snapped a six-day losing streak.
Synopsys Inc. closed 40.30% short of its 52-week high of $651.73, which the company achieved on July 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Applied Materials Inc. (AMAT) rose 7.39% to $564.55, Lam Research Corp. (LRCX) rose 4.97% to $322.00, and Autodesk Inc. (ADSK) fell 3.05% to $211.15.
Data source: Dow Jones Market Data, FactSet. Data compiled July 21, 2026.
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