DJ Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ advanced 1.90% to $258.70 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.08% to 5,675.29 and the Dow Jones Industrial Average rising 0.92% to 41,964.63.
Cadence Design Systems Inc. closed 21.37% below its 52-week high of $328.99, which the company reached on June 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Fortinet Inc. $(FTNT)$ rose 1.30% to $98.17, Synopsys Inc. $(SNPS)$ rose 0.51% to $450.28, and Palo Alto Networks Inc. (PANW) rose 2.42% to $187.54.
Trading volume (2.7 M) eclipsed its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 19, 2025.
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March 19, 2025 16:43 ET (20:43 GMT)
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