Synopsys (SNPS) Shares are Down -0.55%

On a relative basis, the stock has outperformed the S&P 500 by 1.04% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The 4-week change in the price of the stock is -1.01% and the stock has fallen -0.55% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.56% and the 50-Day Moving Average is 2.72%.The 200 Day SMA reached 17.17% Synopsys Inc. is up 10.56% in the last 3-month period. Year-to-Date the stock performance stands at 27.17%.


Synopsys (SNPS) stock is expected to deviate a maximum of $1.63 from the average target price of $63.33 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $64 and the most muted being $60.

For the current week, the company shares have a recommendation consensus of Buy. Synopsys (NASDAQ:SNPS): stock was range-bound between the intraday low of $57.84 and the intraday high of $58.34 after having opened at $58.34 on Fridays session. The stock finally closed in the red at $58.34, a loss of -0.68%. The stock remained in the red for the whole trading day. The total traded volume was 1,057,789 shares. The stock failed to cross $58.34 in Fridays trading. The stocks closing price on Thursday was $58.

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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