Large Outflow of Money Witnessed in Synopsys

Synopsys (SNPS) : The total negative money flow of $7.51 million on Friday indicates selling on strength. The inflow of money on upticks was $6.74 million, compared to $14.24 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.47. The negative money flow of $6.77 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.71 million in a block trade.The transaction value of block trade on downtick was $7.48 million. The uptick to downtick ratio was 0.09. The price action in the Synopsys (SNPS) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $59.67 with a gain of $0.53 , a change of 0.9% over the previous days close. The stock registered 0.9% for the week.


The company Insiders own 1.62% of Synopsys shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2% . Institutional Investors own 91.64% of Synopsys shares. During last six month period, the net percent change held by insiders has seen a change of -4.75%.

In a related news, The officer (EVP, Business Ops. & CAO), of Synopsys Inc, Beattie Brian M had unloaded 63,125 shares at $59.19 per share in a transaction on August 30, 2016. The total value of transaction was $3,736,369. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Synopsys (NASDAQ:SNPS): The stock opened at $59.33 and touched an intraday high of $59.8 on Friday. During the day, the stock corrected to an intraday low of $59.15, however, the bulls stepped in and pushed the price higher to close in the green at $59.67 with a gain of 0.90% for the day. The total traded volume for the day was 888,076. The stock had closed at $59.14 in the previous trading session.

Synopsys (SNPS) : Traders are bullish on Synopsys (SNPS) as it has outperformed the S&P 500 by a wide margin of 8.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.9% in the last 1 week, and is up 8.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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