DJ Cadence Design Systems Inc. Stock Underperforms Tuesday When Compared To Competitors
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Cadence Design Systems Inc. $(CDNS)$ slid 3.29% to $307.00 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.06% to 6,796.86 and Dow Jones Industrial Average falling 1.76% to 48,488.59.
This was the stock's second consecutive day of losses.
Cadence Design Systems Inc. closed 18.45% short of its 52-week high of $376.45, which the company reached on July 31st.
The stock underperformed when compared to some of its competitors Tuesday, as Fortinet Inc. $(FTNT)$ rose 0.11% to $75.46, Synopsys Inc. $(SNPS)$ fell 1.03% to $510.97, and Palo Alto Networks Inc. (PANW) fell 1.92% to $184.06.
Trading volume (2.0 M) eclipsed its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 20, 2026.
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
January 20, 2026 16:41 ET (21:41 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments