In a filing, Synopsys, Inc revealed its Chief Revenue Officer MAHONEY RICHARD S. unloaded Company’s shares for reported $10.54 million on Jan 15 ’25. In the deal valued at $506.01 per share,20,838 shares were sold. As a result of this transaction, MAHONEY RICHARD S. now holds 1,460 shares worth roughly $0.76 million.
Then, RICHARD S. MAHONEY bought 20,838 shares, generating $10,544,205 in total proceeds.
Before that, Ghazi Sassine sold 10,293 shares. Synopsys, Inc shares valued at $5,701,201 were divested by the PRESIDENT AND CEO at a price of $553.89 per share. As a result of the transaction, Ghazi Sassine now holds 62,568 shares, worth roughly $32.55 million.
Redburn Atlantic initiated its Synopsys, Inc [SNPS] rating to a Buy in a research note published on January 13, 2025; the price target was $600. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late November with a ‘”an Equal weight”‘ rating. Loop Capital began covering SNPS with “Buy” recommendation on November 12, 2024. Mizuho started covering the stock on October 22, 2024. It rated SNPS as “an Outperform”.
Price Performance Review of SNPS
On Monday, Synopsys, Inc [NASDAQ:SNPS] saw its stock fall -1.00% to $520.25. Over the last five days, the stock has gained 1.86%. Synopsys, Inc shares have risen nearly 7.19% since the year began. Nevertheless, the stocks have fallen -2.46% over the past one year. While a 52-week high of $629.38 was reached on 01/23/25, a 52-week low of $457.52 was recorded on 01/02/25. SMA at 50 days reached $519.39, while 200 days put it at $537.11.
Levels Of Support And Resistance For SNPS Stock
The 24-hour chart illustrates a support level at 511.46, which if violated will result in even more drops to 502.68. On the upside, there is a resistance level at 527.57. A further resistance level may holdings at 534.90. The Relative Strength Index (RSI) on the 14-day chart is 51.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.33%. Stochastics %K at 54.95% 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 2024-11-15, 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 October 15, 2024 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $660 price target.
