DJ Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ inched 0.73% higher to $309.75 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.61% to 6,052.85 and Dow Jones Industrial Average falling 0.54% to 44,401.93.
This was the stock's second consecutive day of gains.
Cadence Design Systems Inc. closed $19.24 below its 52-week high ($328.99), which the company reached on June 20th.
The stock outperformed some of its competitors Monday, as Fortinet Inc. $(FTNT)$ fell 2.19% to $97.04, Synopsys Inc. $(SNPS)$ fell 1.70% to $508.49, and Palo Alto Networks Inc. (PANW) fell 4.18% to $388.94.
Trading volume (1.5 M) remained 426,291 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 9, 2024.
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(END) Dow Jones Newswires
December 09, 2024 16:45 ET (21:45 GMT)
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