DJ Cadence Design Systems Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ slid 1.04% to $301.86 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.07% to 5,906.94 and Dow Jones Industrial Average falling 0.97% to 42,573.73.
This was the stock's second consecutive day of losses.
Cadence Design Systems Inc. closed $27.13 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. $(FTNT)$ fell 0.99% to $95.13, Synopsys Inc. $(SNPS)$ fell 0.85% to $486.74, and Palo Alto Networks Inc. (PANW) fell 1.06% to $184.20.
Data source: Dow Jones Market Data, FactSet. Data compiled December 30, 2024.
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(END) Dow Jones Newswires
December 30, 2024 16:45 ET (21:45 GMT)
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