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 $31.82 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 $54.4 million.
Wells Fargo initiated its Synopsys, Inc [SNPS] rating to an Equal weight in a research note published on November 22, 2024; the price target was $570. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. Mizuho began covering SNPS with “an Outperform” recommendation on October 22, 2024. Berenberg started covering the stock on October 15, 2024. It rated SNPS as “a Buy”.
Price Performance Review of SNPS
On Monday, Synopsys, Inc [NASDAQ:SNPS] saw its stock fall -1.70% to $508.49. Over the last five days, the stock has lost -10.15%. Synopsys, Inc shares have fallen nearly -1.25% since the year began. Nevertheless, the stocks have fallen -4.80% over the past one year. While a 52-week high of $629.38 was reached on 02/22/24, a 52-week low of $457.52 was recorded on 09/09/24. SMA at 50 days reached $529.15, while 200 days put it at $548.75.
Levels Of Support And Resistance For SNPS Stock
The 24-hour chart illustrates a support level at 502.96, which if violated will result in even more drops to 497.42. On the upside, there is a resistance level at 515.87. A further resistance level may holdings at 523.24. The Relative Strength Index (RSI) on the 14-day chart is 40.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -35.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.82%. Stochastics %K at 4.06% indicates the stock is a buying.
How much short interest is there in Synopsys, Inc?
A steep rise in short interest was recorded in Synopsys, Inc stocks on 2024-11-15, growing by 0.19 million shares to a total of 2.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.66 million shares. There was a rise of 6.53%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 04, 2024 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $665 price target.
