Synopsys, Inc.’s recently made public that its PRESIDENT AND CEO Ghazi Sassine unloaded Company’s shares for reported $5.7 million on Aug 23 ’24. In the deal valued at $553.89 per share,10,293 shares were sold. As a result of this transaction, Ghazi Sassine now holds 62,568 shares worth roughly $33.78 million.
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Then, SASSINE E GHAZI bought 10,293 shares, generating $5,701,200 in total proceeds.
Before that, DE GEUS AART sold 493 shares. Synopsys, Inc. shares valued at $305,954 were divested by the EXECUTIVE CHAIR at a price of $620.60 per share. As a result of the transaction, DE GEUS AART now holds 106,983 shares, worth roughly $57.76 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 1.28% to $539.92. Over the last five days, the stock has gained 8.17%. Synopsys, Inc. shares have risen nearly 4.86% since the year began. Nevertheless, the stocks have risen 9.09% over the past one year. While a 52-week high of $629.38 was reached on 02/22/24, a 52-week low of $448.91 was recorded on 09/09/24. SMA at 50 days reached $510.56, while 200 days put it at $548.46.
Levels Of Support And Resistance For SNPS Stock
The 24-hour chart illustrates a support level at 532.87, which if violated will result in even more drops to 525.82. On the upside, there is a resistance level at 544.10. A further resistance level may holdings at 548.28. The Relative Strength Index (RSI) on the 14-day chart is 65.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 23.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.53%. Stochastics %K at 95.65% indicates the stock is a selling.
How much short interest is there in Synopsys, Inc.?
A steep rise in short interest was recorded in Synopsys, Inc. stocks on 2024-09-30, dropping by 54343.0 shares to a total of 2.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.93 million shares. There was a decline of -1.89%, which implies that there is a negative sentiment for the stock.
