DJ Cadence Design Systems Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Cadence Design Systems Inc. $(CDNS)$ rose 2.58% to $277.87 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.91% to 6,528.52 and the Dow Jones Industrial Average rising 2.49% to 46,341.51.
The stock's rise snapped a five-day losing streak.
Cadence Design Systems Inc. closed 26.19% below its 52-week high of $376.45, which the company achieved on July 31st.
The stock underperformed when compared to some of its competitors Tuesday, as Fortinet Inc. $(FTNT)$ rose 3.38% to $81.72, Synopsys Inc. $(SNPS)$ rose 3.48% to $396.48, and Palo Alto Networks Inc. (PANW) rose 3.87% to $160.32.
Trading volume (1.9 M) remained 812,475 below its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 31, 2026.
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(END) Dow Jones Newswires
March 31, 2026 16:44 ET (20:44 GMT)
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