DJ Cadence Design Systems Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Cadence Design Systems Inc. $(CDNS)$ shed 3.50% to $241.74 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.76% to 5,849.72 and Dow Jones Industrial Average falling 1.48% to 43,191.24.
Cadence Design Systems Inc. closed 26.52% below its 52-week high of $328.99, which the company achieved on June 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Fortinet Inc. $(FTNT)$ fell 1.36% to $106.54, Synopsys Inc. $(SNPS)$ fell 3.07% to $443.26, and Palo Alto Networks Inc. (PANW) fell 3.54% to $183.68.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2025.
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March 03, 2025 16:44 ET (21:44 GMT)
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