SN
SNPS
-3.3%⚪ No clear catalystSynopsys Inc · Technology
$452.45Vol 2.52M · 0.9× normalMkt cap −$3.00BMarket closed — 2026-10-16 session
What happened
Move
-3.3%
Price
$452.45
Volume
2.52M
0.9× normal
Market cap
$86.71B
−$3.00B today
Why it moved
Sector-wide movelow confidence
- Sector-wide move — computed
Sector-driven move — the stock is moving largely with its sector (-3.2%); no major company-specific catalyst detected.
Verdict — was the move justified?
⚪ No clear catalyst
No reliable catalyst was identified for this move.
How unusual is this move
σ score
1.3σ
vs own 20d volatility
Percentile
86th
of 1279 daily moves
Avg daily move
±1.8%
own 5y average
What happened after similar moves
117 similar down moves in SNPS’s 5-year history:
After 5 days
+1.2%
57% higher
After 20 days
+3.8%
63% higher
Median of same-direction moves within ±35% magnitude band. Past patterns don’t predict outcomes — context, not signal.
Fundamental context
V 24G 85P 42H 67Q 80EW 43/65
Insider activity (90d): net selling $12.09M
Valuation context
P/E (TTM)
80.9
5y median 58.9
P/E percentile
92%
vs own 5y history
FCF yield
0.0%
Trading richer than 92% of its own historical valuation range.
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