DJ Cadence Design Systems Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ slipped 1.23% to $299.00 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.54% to 5,827.04 and Dow Jones Industrial Average falling 1.63% to 41,938.45.
Cadence Design Systems Inc. closed $29.99 short of its 52-week high ($328.99), which the company achieved on June 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Fortinet Inc. $(FTNT)$ fell 1.54% to $94.56, Synopsys Inc. $(SNPS)$ fell 1.88% to $492.54, and Palo Alto Networks Inc. (PANW) rose 0.34% to $173.42.
Trading volume (1.3 M) remained 446,285 below its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 10, 2025.
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(END) Dow Jones Newswires
January 10, 2025 16:43 ET (21:43 GMT)
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