DJ Cadence Design Systems Inc. Stock Rises Monday, Still Underperforms Market
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Shares of Cadence Design Systems Inc. $(CDNS)$ rose 1.96% to $311.77 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 3.26% to 5,844.19 and the Dow Jones Industrial Average rising 2.81% to 42,410.10.
The stock's rise snapped a two-day losing streak.
Cadence Design Systems Inc. closed 5.23% short of its 52-week high of $328.99, which the company achieved on June 20th.
The stock underperformed when compared to some of its competitors Monday, as Fortinet Inc. $(FTNT)$ rose 4.74% to $102.04, Synopsys Inc. $(SNPS)$ rose 4.70% to $505.59, and Palo Alto Networks Inc. (PANW) rose 3.51% to $193.50.
Trading volume (2.4 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 12, 2025.
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May 12, 2025 16:40 ET (20:40 GMT)
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