Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Synopsys, Inc shares valued at $10,544,205 were sold by MAHONEY RICHARD S. on Jan 15 ’25. At $506.01 per share, MAHONEY RICHARD S. sold 20,838 shares. The insider’s holdings dropped to 1,460 shares worth approximately $0.75 million following the completion of this transaction.
Also, RICHARD S. MAHONEY purchased 20,838 shares, netting a total of over 10,544,205 in proceeds.
Before that, Ghazi Sassine had sold 10,293 shares from its account. In a trade valued at $5,701,201, the PRESIDENT AND CEO traded Synopsys, Inc shares for $553.89 each. Upon closing the transaction, the insider’s holdings decreased to 10,293 shares, worth approximately $32.27 million.
As published in their initiating research note from Redburn Atlantic on January 13, 2025, Synopsys, Inc [SNPS] has been a Buy and the price target has been revised to $600. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late November. As of November 12, 2024, Loop Capital has initiated its “Buy” rating for SNPS. Earlier on October 22, 2024, Mizuho initiated its rating. Their recommendation was “an Outperform” for SNPS stock.
Analyzing SNPS Stock Performance
During the last five days, there has been a surge of approximately 2.75%. Over the course of the year, Synopsys, Inc shares have jumped approximately 6.27%. Shares of the company reached a 52-week high of $523.88 on 01/16/25 and a 52-week low of $479.00 on 01/02/25. A 50-day SMA is recorded $522.89, while a 200-day SMA reached $539.02. Nevertheless, trading volume fell to 1.16 million shares from 1.13 million shares the previous day.
Support And Resistance Levels for Synopsys, Inc (SNPS)
According to the 24-hour chart, there is a support level at 508.17, which, if violated, would cause prices to drop to 500.52. In the upper region, resistance lies at 523.67. The next price resistance is at 531.52. RSI (Relative Strength Index) is 55.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.22, which suggests the price will increase in the coming days. Percent R is at 17.92%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
