Shares of Synopsys Inc. SNPS, -0.80% slumped 0.80% to $520.25 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.42% rising 0.42% to 4,774.75 and the Dow Jones Industrial Average DJIA, +0.43% rising 0.43% to 37,545.33.
This was the stock’s second consecutive day of losses.
Synopsys Inc. closed $53.52 short of its 52-week high ($573.77), which the company achieved on December 13th.
The stock underperformed when compared to some of its competitors Tuesday, as Applied Materials Inc. AMAT, +1.38% rose 1.38% to $164.28, Lam Research Corp. LRCX, +2.02% rose 2.02% to $795.71, and Autodesk Inc. ADSK, +0.95% rose 0.95% to $245.07.
Trading volume (2.1 M) eclipsed its 50-day average volume of 889,819.