DJ Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Cadence Design Systems Inc. $(CDNS)$ rallied 3.78% to $350.89 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.08% to 7,432.97 and the Dow Jones Industrial Average rising 1.31% to 50,009.35.
The stock's rise snapped a six-day losing streak.
Cadence Design Systems Inc. closed 6.79% short of its 52-week high of $376.45, which the company reached on July 31st.
The stock outperformed some of its competitors Wednesday, as Fortinet Inc. $(FTNT)$ rose 1.85% to $130.00, Synopsys Inc. $(SNPS)$ rose 1.02% to $498.93, and Palo Alto Networks Inc. (PANW) rose 2.72% to $246.66.
Trading volume (2.0 M) remained 312,721 below its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 20, 2026.
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(END) Dow Jones Newswires
May 20, 2026 16:41 ET (20:41 GMT)
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