Cadence Design Systems Inc. Stock Outperforms Competitors Despite Losses On The Day

Dow Jones12-19

DJ Cadence Design Systems Inc. Stock Outperforms Competitors Despite Losses On The Day

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Cadence Design Systems Inc. $(CDNS)$ slipped 3.25% to $301.24 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.

This was the stock's second consecutive day of losses.

Cadence Design Systems Inc. closed $27.75 short of its 52-week high ($328.99), which the company reached on June 20th.

Despite its losses, the stock outperformed some of its competitors Wednesday, as Fortinet Inc. $(FTNT)$ fell 4.36% to $93.36, Synopsys Inc. $(SNPS)$ fell 3.41% to $494.43, and Palo Alto Networks Inc. (PANW) fell 6.20% to $188.76.

Trading volume (1.7 M) remained 258,895 below its 50-day average volume of 1.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 18, 2024 16:44 ET (21:44 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Stock Outperforms Competitors Despite Losses On The Day\n</p>\n<p>\n  This article was automatically generated by MarketWatch using technology from Automated Insights. \n</p>\n<p>\n     Shares of Cadence Design Systems Inc. <a href=\"https://laohu8.com/S/CDNS\">$(CDNS)$</a> slipped 3.25% to $301.24 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&amp;P 500 Index  falling 2.95% to 5,872.16 and Dow Jones Industrial Average  falling 2.58% to 42,326.87. \n</p>\n<p>\n     This was the stock's second consecutive day of losses. \n</p>\n<p>\n     Cadence Design Systems Inc. closed $27.75 short of its 52-week high ($328.99), which the company reached on June 20th. \n</p>\n<p>\n     Despite its losses, the stock outperformed some of its competitors Wednesday, as Fortinet Inc. <a href=\"https://laohu8.com/S/FTNT\">$(FTNT)$</a> fell 4.36% to $93.36, Synopsys Inc. <a href=\"https://laohu8.com/S/SNPS\">$(SNPS)$</a> fell 3.41% to $494.43, and <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a> Inc. 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Stock Outperforms Competitors Despite Losses On The Day\n\n\n  This article was automatically generated by MarketWatch using technology from Automated Insights. \n\n\n     ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CDNS","symbol_name":"铿腾电子","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492157323","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492157323","pubTimestamp":1734558240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"This article was automatically generated by MarketWatch using technology from Automated Insights.Shares of Cadence Design Systems Inc.  slipped 3.25% to $301.24 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index  falling 2.95% to 5,872.16 and Dow Jones Industrial Average  falling 2.58% to 42,326.87.This was the stock's second consecutive day of losses.Cadence Design Systems Inc. closed $27.75 short of its 52-week high , which the company reached on June 20th.Despite its losses, the stock outperformed some of its competitors Wednesday, as Fortinet Inc.  fell 4.36% to $93.36, Synopsys Inc.  fell 3.41% to $494.43, and Palo Alto Networks Inc.  fell 6.20% to $188.76.Trading volume  remained 258,895 below its 50-day average volume of 1.9 M.Data source: Dow Jones Market Data, FactSet. 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