DJ Cadence Design Systems Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slipped 2.01% to $408.00 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.74% to 7,553.68 and Dow Jones Industrial Average falling 1.21% to 50,687.07.
The stock's fall snapped a three-day winning streak.
Cadence Design Systems Inc. closed 2.09% short of its 52-week high of $416.69, which the company achieved on June 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Fortinet Inc. $(FTNT)$ fell 1.60% to $146.48, Synopsys Inc. $(SNPS)$ fell 2.03% to $498.02, and Palo Alto Networks Inc. (PANW) fell 5.64% to $280.43.
Trading volume (2.8 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 3, 2026.
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June 03, 2026 16:37 ET (20:37 GMT)
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