DJ Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ advanced 2.24% to $305.60 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.00% to 5,996.66 and the Dow Jones Industrial Average rising 0.78% to 43,487.83.
Cadence Design Systems Inc. closed 7.11% below its 52-week high of $328.99, which the company reached on June 20th.
The stock outperformed some of its competitors Friday, as Fortinet Inc. $(FTNT)$ rose 0.19% to $94.23, Synopsys Inc. $(SNPS)$ rose 2.11% to $526.70, and Palo Alto Networks Inc. (PANW) fell 0.03% to $177.11.
Trading volume (1.6 M) eclipsed its 50-day average volume of 1.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 17, 2025.
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January 17, 2025 16:41 ET (21:41 GMT)
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