Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day

Dow Jones
2024-12-17

DJ Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Cadence Design Systems Inc. $(CDNS)$ advanced 2.20% to $313.49 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.38% to 6,074.08 and the Dow Jones Industrial Average falling 0.25% to 43,717.48.

The stock's rise snapped a two-day losing streak.

Cadence Design Systems Inc. closed $15.50 short of its 52-week high ($328.99), which the company reached on June 20th.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Fortinet Inc. $(FTNT)$ rose 0.21% to $98.16, Synopsys Inc. $(SNPS)$ rose 2.72% to $522.11, and Palo Alto Networks Inc. (PANW) rose 3.02% to $202.50.

Trading volume (1.7 M) remained 183,079 below its 50-day average volume of 1.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 16, 2024.

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(END) Dow Jones Newswires

December 16, 2024 16:45 ET (21:45 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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