DJ Cadence Design Systems Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Cadence Design Systems Inc. (CDNS) slipped 1.99% to $320.30 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.79% to 6,229.98 and Dow Jones Industrial Average falling 0.94% to 44,406.36.
The stock's fall snapped an eight-day winning streak.
Cadence Design Systems Inc. closed 2.97% short of its 52-week high of $330.09, which the company achieved on July 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Fortinet Inc. (FTNT) rose 0.94% to $106.65, Synopsys Inc. (SNPS) fell 2.23% to $536.52, and Palo Alto Networks Inc. (PANW) fell 0.20% to $201.42.
Trading volume (1.8 M) remained 208,352 below its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 7, 2025.
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July 07, 2025 16:41 ET (20:41 GMT)
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