Synopsys Inc. Stock Rallies 3.6%, Outperforms Peers

Dow Jones04:35

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

Shares of Synopsys Inc. advanced 3.6% to $408.79 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.3% to 7,677.28 and the Dow Jones Industrial Average rising 0.3% to 53,577.40.

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

Synopsys Inc. closed 33.6% below its 52-week high of $615.79, which the company reached on September 8th.

The stock outperformed some of its peers, as Applied Materials Inc. fell 0.9% to $480.04, Lam Research Corp. rose 1.4% to $314.66, and Autodesk Inc. fell 1.26% to $251.21.

Trading volume totaled 2.9 million, compared to the 50-day average of 1.8 million.

Data source: Dow Jones Market Data, FactSet

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