DJ Cadence Design Systems Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ slid 6.05% to $248.91 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 4.84% to 5,396.52 and Dow Jones Industrial Average falling 3.98% to 40,545.93.
The stock's fall snapped a two-day winning streak.
Cadence Design Systems Inc. closed 24.34% short of its 52-week high of $328.99, which the company reached on June 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Fortinet Inc. $(FTNT)$ fell 8.81% to $89.44, Synopsys Inc. $(SNPS)$ fell 4.74% to $417.76, and Palo Alto Networks Inc. (PANW) fell 4.63% to $165.17.
Trading volume (3.0 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 3, 2025.
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(END) Dow Jones Newswires
April 03, 2025 16:41 ET (20:41 GMT)
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