DJ Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ inched 0.98% higher to $304.41 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.73% to 5,974.07 and the Dow Jones Industrial Average rising 0.16% to 42,906.95.
This was the stock's second consecutive day of gains.
Cadence Design Systems Inc. closed $24.58 short of its 52-week high ($328.99), which the company achieved on June 20th.
The stock outperformed some of its competitors Monday, as Fortinet Inc. $(FTNT)$ fell 0.79% to $96.42, Synopsys Inc. $(SNPS)$ rose 0.08% to $492.58, and Palo Alto Networks Inc. (PANW) rose 0.77% to $188.22.
Trading volume (1.2 M) remained 797,863 below its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 23, 2024.
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(END) Dow Jones Newswires
December 23, 2024 16:45 ET (21:45 GMT)
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