DJ Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ advanced 3.87% to $290.63 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.77% to 6,890.07 and the Dow Jones Industrial Average rising 0.76% to 49,174.50.
The stock's rise snapped a three-day losing streak.
Cadence Design Systems Inc. closed 22.80% below its 52-week high of $376.45, which the company achieved on July 31st.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Fortinet Inc. $(FTNT)$ fell 0.49% to $75.23, Synopsys Inc. $(SNPS)$ rose 4.73% to $440.72, and Palo Alto Networks Inc. (PANW) fell 1.71% to $141.67.
Trading volume (3.0 M) eclipsed its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2026.
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(END) Dow Jones Newswires
February 24, 2026 16:45 ET (21:45 GMT)
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