DJ Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Cadence Design Systems Inc. $(CDNS)$ inched 0.94% higher to $292.84 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.27% to 5,307.01 and Dow Jones Industrial Average falling 0.51% to 39,671.04.
Cadence Design Systems Inc. closed $34.52 short of its 52-week high ($327.36), which the company reached on March 21st.
The stock outperformed some of its competitors Wednesday, as Fortinet Inc. $(FTNT)$ rose 0.42% to $61.57, Synopsys Inc. $(SNPS)$ rose 0.28% to $573.13, and Palo Alto Networks Inc. (PANW) fell 0.99% to $308.58.
Trading volume (1.2 M) remained 298,352 below its 50-day average volume of 1.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 22, 2024.
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(END) Dow Jones Newswires
May 22, 2024 16:46 ET (20:46 GMT)
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