DJ Cadence Design Systems Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Cadence Design Systems Inc. (CDNS) slid 1.20% to $360.50 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.49% to 6,299.19 and Dow Jones Industrial Average falling 0.14% to 44,111.74.
Cadence Design Systems Inc. closed 4.24% below its 52-week high of $376.45, which the company reached on July 31st.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Fortinet Inc. (FTNT) fell 2.37% to $96.21, Synopsys Inc. (SNPS) fell 1.18% to $628.50, and Palo Alto Networks Inc. (PANW) fell 1.12% to $169.09.
Trading volume (1.5 M) remained 523,845 below its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 5, 2025.
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August 05, 2025 16:40 ET (20:40 GMT)
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