DJ Cadence Design Systems Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ shed 2.57% to $379.06 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.44% to 7,365.46 and Dow Jones Industrial Average falling 0.09% to 51,666.84.
Cadence Design Systems Inc. closed 9.03% below its 52-week high of $416.69, which the company reached on June 2nd.
The stock underperformed when compared to some of its competitors Tuesday, as Fortinet Inc. $(FTNT)$ rose 1.80% to $148.00, Synopsys Inc. $(SNPS)$ fell 0.66% to $461.50, and Palo Alto Networks Inc. (PANW) rose 1.58% to $290.92.
Trading volume (2.1 M) remained 441,954 below its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 23, 2026.
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June 23, 2026 16:38 ET (20:38 GMT)
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