Synopsys (SNPS) Surges 3.1%: Is This an Indication of Further Gains?

Synopsys (SNPS) shares rallied 3.1% in the last trading session to close at $509.68. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.7% loss over the past four weeks.The upswing came after Synopsys announced that it has entered into a definitive agreement to acquire ANSYS Inc. in a deal worth $35 billion. The combination will create a formidable entity in chip design and simulation software. The acquisitio ...