Synopsys, Inc.’s recently made public that its EXECUTIVE CHAIR DE GEUS AART unloaded Company’s shares for reported $0.31 million on Jul 15 ’24. In the deal valued at $620.60 per share,493 shares were sold. As a result of this transaction, DE GEUS AART now holds 106,983 shares worth roughly $58.73 million.
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Then, DE GEUS AART sold 8,648 shares, generating $5,364,265 in total proceeds. Upon selling the shares at $620.29, the EXECUTIVE CHAIR now owns 106,983 shares.
Before that, DE GEUS AART sold 4,588 shares. Synopsys, Inc. shares valued at $2,852,273 were divested by the EXECUTIVE CHAIR at a price of $621.68 per share. As a result of the transaction, DE GEUS AART now holds 106,983 shares, worth roughly $58.73 million.
Piper Sandler initiated its Synopsys, Inc. [SNPS] rating to an Overweight in a research note published on April 04, 2024; the price target was $665. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late November has reiterated a ‘”a Buy”‘ rating for it. Morgan Stanley began covering SNPS with “an Overweight” recommendation on November 10, 2023. HSBC Securities started covering the stock on September 29, 2023. It rated SNPS as “a Buy”.
Price Performance Review of SNPS
On Friday, Synopsys, Inc. [NASDAQ:SNPS] saw its stock jump 0.13% to $549.00. Over the last five days, the stock has gained 4.63%. Synopsys, Inc. shares have risen nearly 6.62% since the year began. Nevertheless, the stocks have risen 28.21% over the past one year. While a 52-week high of $629.38 was reached on 02/22/24, a 52-week low of $418.51 was recorded on 08/05/24. SMA at 50 days reached $572.35, while 200 days put it at $552.93.
Levels Of Support And Resistance For SNPS Stock
The 24-hour chart illustrates a support level at 543.56, which if violated will result in even more drops to 538.12. On the upside, there is a resistance level at 554.26. A further resistance level may holdings at 559.51. The Relative Strength Index (RSI) on the 14-day chart is 51.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.18%. Stochastics%K at 72.14% indicates the stock is a holding.
How much short interest is there in Synopsys, Inc.?
A steep rise in short interest was recorded in Synopsys, Inc. stocks on 2024-07-31, dropping by -0.76 million shares to a total of 3.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.0 million shares. There was a decline of -23.63%, which implies that there is a negative sentiment for the stock.
