Synopsys (SNPS) has risen sharply, recording gains of 0.73% in the past 4 weeks. However, the stock has corrected -1.19% in the past 1 week, providing a good buying opportunity on dips. Synopsys (SNPS) : During the past 4 weeks, traders have been relatively bearish on Synopsys (SNPS), hence the stock is down -2.55% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.12% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.35% and the 50-Day Moving Average is 2.37%. Synopsys Inc. is up 13.97% in the last 3-month period. Year-to-Date the stock performance stands at 18.75%.
Synopsys (NASDAQ:SNPS): On Fridays trading session , Opening price of the stock was $54.36 with an intraday high of $54.435. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $53.86. However, the stock managed to close at $54.16, a loss of 0.28% for the day. On the previous day, the stock had closed at $54.31. The total traded volume of the day was 1,149,716 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.