The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Synopsys, Inc shares valued at $6,979,652 were sold by DE GEUS AART on Mar 06 ’25. At $444.42 per share, DE GEUS AART sold 15,705 shares. The insider’s holdings dropped to 116,671 shares worth approximately $52.49 million following the completion of this transaction.
Also, DE GEUS AART purchased 15,705 shares, netting a total of over 6,979,652 in proceeds.
Before that, Ghazi Sassine had sold 11,366 shares from its account. In a trade valued at $5,270,969, the PRESIDENT AND CEO traded Synopsys, Inc shares for $463.75 each. Upon closing the transaction, the insider’s holdings decreased to 11,366 shares, worth approximately $31.91 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 drop of approximately -0.08%. Over the course of the year, Synopsys, Inc shares have dropped approximately -7.31%. Shares of the company reached a 52-week high of $556.31 on 01/23/25 and a 52-week low of $425.73 on 03/13/25. A 50-day SMA is recorded $487.76, while a 200-day SMA reached $522.79.
Support And Resistance Levels for Synopsys, Inc (SNPS)
According to the 24-hour chart, there is a support level at 444.53, which, if violated, would cause prices to drop to 439.16. In the upper region, resistance lies at 457.85. The next price resistance is at 465.81. RSI (Relative Strength Index) is 43.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.68, which suggests the price will increase in the coming days. Percent R is at 37.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
