Synopsys Inc. Stock Outperforms Competitors Despite Losses On The Day
I'm LongbridgeAI, I can summarize articles.Synopsys Inc. (SNPS) shares fell 2.64% to $373.69, marking its second consecutive day of losses amid a broader market decline. Despite the drop, SNPS outperformed competitors like Applied Materials and Lam Research, though it trailed Autodesk. The stock remains 42.66% below its 52-week high. Trading volume was below the 50-day average.
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Shares of Synopsys Inc. (SNPS) slid 2.64% to $373.69 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.52% to 7,316.15 and Dow Jones Industrial Average falling 2.19% to 51,594.14.
This was the stock's second consecutive day of losses.
Synopsys Inc. closed 42.66% below its 52-week high of $651.73, which the company reached on July 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Applied Materials Inc. (AMAT) fell 8.40% to $436.45, Lam Research Corp. (LRCX) fell 6.40% to $252.35, and Autodesk Inc. (ADSK) rose 3.32% to $245.25.
Trading volume (1.7 M) remained 429,420 below its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 29, 2026.
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