DJ Cadence Design Systems Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Cadence Design Systems Inc. $(CDNS)$ advanced 2.43% to $247.43 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.13% to 5,638.94 and the Dow Jones Industrial Average rising 1.65% to 41,488.19.
This was the stock's fourth consecutive day of gains.
Cadence Design Systems Inc. closed 24.79% short of its 52-week high of $328.99, which the company achieved on June 20th.
The stock underperformed when compared to some of its competitors Friday, as Fortinet Inc. $(FTNT)$ rose 3.03% to $96.25, Synopsys Inc. $(SNPS)$ rose 4.12% to $446.23, and Palo Alto Networks Inc. (PANW) rose 3.41% to $182.34.
Trading volume (2.3 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2025.
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March 14, 2025 16:42 ET (20:42 GMT)
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