DJ Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ rallied 1.75% to $258.79 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.38% to 5,633.07 and the Dow Jones Industrial Average falling 0.03% to 41,989.96.
The stock's rise snapped a four-day losing streak.
Cadence Design Systems Inc. closed 21.34% below its 52-week high of $328.99, which the company achieved on June 20th.
The stock outperformed some of its competitors Tuesday, as Fortinet Inc. $(FTNT)$ rose 0.43% to $96.67, Synopsys Inc. $(SNPS)$ rose 1.65% to $435.94, and Palo Alto Networks Inc. (PANW) rose 0.39% to $171.31.
Trading volume (1.3 M) remained 943,264 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 1, 2025.
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(END) Dow Jones Newswires
April 01, 2025 16:44 ET (20:44 GMT)
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