Is Synopsys, Inc. (SNPS) Stock About to Get Hot Wednesday?

Synopsys, Inc. (SNPS) stock is down 0.42% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Synopsys, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SNPS!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SNPS Stock Today?

Synopsys, Inc. (SNPS) stock is trading at $343.21 as of 12:56 PM on Wednesday, Dec 1, a gain of $2.21, or 0.65% from the previous closing price of $341.00. The stock has traded between $341.30 and $348.50 so far today. Volume today is light. So far 367,234 shares have traded compared to average volume of 583,020 shares.

More About Synopsys, Inc.

Synopsys was founded in December 1986 (called Optimal Solutions until 1987) and is a market leader in electronic design automation software. EDA is used to automate the design and verification of integrated circuits or larger chip systems. The firm provides an end-to-end workflow of EDA products. In addition, the firm offers a broad set of design intellectual property and leading software integrity tools that help customers develop secure, quality code. Historically, the firm's tools have been relied upon by semiconductor firms, but there has been a shift toward other nontraditional "systems" users (nonsemiconductor firms interested in chip design) given the development of the Internet of Things, artificial intelligence, autonomous vehicles, and cloud computing. Click Here to get the full Stock Report for Synopsys, Inc. stock.