DJ Cadence Design Systems Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slid 1.34% to $285.74 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.06% to 5,528.75 and the Dow Jones Industrial Average rising 0.28% to 40,227.59.
The stock's fall snapped a four-day winning streak.
Cadence Design Systems Inc. closed 13.15% 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 0.83% to $102.64, Synopsys Inc. $(SNPS)$ fell 0.59% to $443.97, and Palo Alto Networks Inc. (PANW) rose 1.43% to $181.54.
Trading volume (3.4 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 28, 2025.
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April 28, 2025 16:40 ET (20:40 GMT)
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