DJ Cadence Design Systems Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Cadence Design Systems Inc. $(CDNS)$ rallied 2.51% to $349.51 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.41% to 7,200.75 and Dow Jones Industrial Average falling 1.13% to 48,941.90.
This was the stock's second consecutive day of gains.
Cadence Design Systems Inc. closed 7.16% short of 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 Monday, as Fortinet Inc. $(FTNT)$ rose 3.42% to $89.24, Synopsys Inc. $(SNPS)$ rose 1.73% to $497.50, and Palo Alto Networks Inc. (PANW) rose 1.92% to $184.56.
Trading volume (3.1 M) eclipsed its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 4, 2026.
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(END) Dow Jones Newswires
May 04, 2026 16:40 ET (20:40 GMT)
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