Synopsys Inc. Stock Climbs 4.4%, Outperforms Peers

Dow Jones08-01 04:35

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Synopsys Inc. advanced 4.4% to $388.76 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,489.72 and the Dow Jones Industrial Average rising 0.5% to 52,485.03.

The stock's rise snapped a three-day losing streak.

Synopsys Inc. closed 39.8% below its 52-week high of $646.29, which the company achieved on July 31st.

The stock outperformed some of its peers, as Applied Materials Inc. rose 1.2% to $507.67, Lam Research Corp. fell 1.6% to $293.02, and Autodesk Inc. fell 0.33% to $234.20.

Trading volume totaled 2.2 million, compared to the 50-day average of 2.1 million.

Data source: Dow Jones Market Data, FactSet

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