Large Outflow of Money Witnessed in Synopsys

Synopsys (SNPS) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($0.53 million) and the uptick to downtick ratio was 0.15. The transaction value on upticks was $0.09 million and on downticks, the transaction value was $0.62 million. The transaction value of block trades during downticks was $0.6 million. The money flow was negative ($0.6 million), indicating the traders were booking profit on the price strength. Synopsys (SNPS) rose $0.11 at $54.53, during intraday Monday , a rise of 0.2% over the previous days close.


Synopsys Inc. is up 11.15% in the last 3-month period. Year-to-Date the stock performance stands at 19.07%. Synopsys Inc. has dropped 0.66% in the last five trading days, however, the shares have posted positive gains of 3.41% in the last 4 weeks. In a related news,The officer (EVP, Business Ops. & CAO) of Synopsys Inc, Beattie Brian M sold 29,300 shares at $52.18 on June 13, 2016. The Insider selling transaction had a total value worth of $1,528,874. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Synopsys (NASDAQ:SNPS): On Mondays trading session , Opening price of the stock was $54.3 with an intraday high of $54.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $54.165. However, the stock managed to close at $54.31, a loss of 0.20% for the day. On the previous day, the stock had closed at $54.42. The total traded volume of the day was 1,137,053 shares.

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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