Shares of Synopsys (SNPS) Sees Large Inflow of Net Money Flow

Synopsys (SNPS) : On Wednesday, The money flowed into the Synopsys (SNPS) stock with an uptick to downtick ratio was recorded at 2.77. Transactions worth $0.49 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.18 million. The total money flow into the stock was $0.32 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0 million of block transactions on upticks. The total money flow in block trades was $0 million. In terms of price action, Synopsys (SNPS) traded down $0.04 during the session at $59.58. Compared to the previous days closing, the stock was down only by -0.07%. For the week, the stock is 0.34%, over previous weeks closing.


Shares of Synopsys Inc. rose by 1.58% in the last five trading days and 1.05% for the last 4 weeks. Synopsys Inc. is up 13.04% in the last 3-month period. Year-to-Date the stock performance stands at 31.35%.

Synopsys (SNPS) has an average broker rating of 1.33, which is interpreted as a Strong Buy, as rated by 6 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Synopsys (NASDAQ:SNPS): The stock opened at $59.77 and touched an intraday high of $59.935 on Wednesday. During the day, the stock corrected to an intraday low of $59.35, however, the bulls stepped in and pushed the price higher to close in the green at $59.91 with a gain of 0.49% for the day. The total traded volume for the day was 581,515. The stock had closed at $59.62 in the previous trading session.

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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