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Synopsys Inc. stock outperforms market on strong trading day

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Terrence Horan

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Shares of Synopsys Inc. SNPS, +1.45% rose 2.88% to $304.83 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.37% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA, +0.43% rising 1.56% to 34,912.56. This was the stock's third consecutive day of gains. Synopsys Inc. closed $35.83 below its 52-week high ($340.66), which the company reached on September 3rd.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Intel Corp. INTC, +0.29% rose 3.14% to $53.90, Autodesk Inc. ADSK, +0.66% rose 2.02% to $289.17, and Cadence Design Systems Inc. CDNS, +0.79% rose 2.50% to $157.33. Trading volume (598,920) remained 102,573 below its 50-day average volume of 701,493.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.