Company Shares of Synopsys (NASDAQ:SNPS) Rally 0.89%

On a relative basis, the stock has outperformed the S&P 500 by 1.69% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.89% in the last 1 week, and is up 3.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 6.98% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $54.59 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $52.48 and the 200 Day Moving Average price is recorded at $47.38.

The stock has recorded a 20-day Moving Average of 2.54% and the 50-Day Moving Average is 6.4%.


Synopsys (NASDAQ:SNPS): stock turned positive on Friday. Though the stock opened at $54, the bulls momentum made the stock top out at $54.59 level for the day. The stock recorded a low of $53.7 and closed the trading day at $54.25, in the green by 0.80%. The total traded volume for the day was 1,313,483. The stock had closed at $53.82 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Beattie Brian M, officer (EVP, Business Ops. & CAO) of Synopsys Inc, had unloaded 29,300 shares at an average price of $52.18 in a transaction dated on June 13, 2016. The total value of the transaction was worth $1,528,874.

Synopsys, Inc. is engaged in providing technology solutions used to develop electronics and electronic systems. It supplies the electronic design automation (EDA) software that engineers use to design, create prototypes for and test integrated circuits, also known as chips. It also supplies software and hardware used to develop the systems that incorporate integrated circuits and the software that runs on those integrated circuits. Its intellectual property (IP) products are pre-designed circuits that engineers use as components of larger chip designs rather than redesigning those circuits themselves. It also provides technical services to support its solutions and it help its customers develop chips and electronic systems.

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