This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Cadence Design Systems Inc. rose 5.1% to $326.81 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.8% to 6,279.35 and the Dow Jones Industrial Average rising 0.8% to 44,828.53.
This was the stock's eighth consecutive day of gains.
Cadence Design Systems Inc. hit a new 52-week high, surpassing its previous peak of $326.19, which the company achieved on December 4th.
The stock outperformed some of its competitors, as Fortinet Inc. rose 3.4% to $105.66, Synopsys Inc. rose 4.9% to $548.74, and Palo Alto Networks Inc. rose 2.46% to $201.82.
Trading volume totaled 2.3 million, compared to the 50-day average of 2.0 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
July 03, 2025 16:33 ET (20:33 GMT)
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