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 3.80% to $233.96 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.70% to 5,614.56 and Dow Jones Industrial Average falling 2.08% to 41,911.71.
Cadence Design Systems Inc. closed 28.89% below its 52-week high of $328.99, which the company achieved on June 20th.
Despite its losses, the stock outperformed some of its competitors Monday, as Fortinet Inc. $(FTNT)$ fell 5.17% to $96.04, Synopsys Inc. $(SNPS)$ fell 4.66% to $429.85, and Palo Alto Networks Inc. (PANW) fell 3.92% to $173.83.
Trading volume (3.0 M) eclipsed its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2025.
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March 10, 2025 16:44 ET (20:44 GMT)
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