DJ Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ advanced 2.02% to $253.94 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.01% to 5,956.06 and the Dow Jones Industrial Average falling 0.43% to 43,433.12.
The stock's rise snapped a five-day losing streak.
Cadence Design Systems Inc. closed 22.81% short of its 52-week high of $328.99, which the company achieved on June 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Fortinet Inc. $(FTNT)$ rose 0.89% to $109.02, Synopsys Inc. $(SNPS)$ rose 2.73% to $470.46, and Palo Alto Networks Inc. (PANW) rose 0.82% to $189.55.
Trading volume (2.8 M) eclipsed its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 26, 2025.
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February 26, 2025 16:45 ET (21:45 GMT)
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