DJ Cadence Design Systems Inc. Stock Underperforms Monday When Compared To Competitors
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Cadence Design Systems Inc. $(CDNS)$ slipped 1.21% to $372.72 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.18% to 7,440.43 and the Dow Jones Industrial Average rising 0.59% to 52,182.74.
Cadence Design Systems Inc. closed 10.55% short of its 52-week high of $416.69, which the company reached on June 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Fortinet Inc. $(FTNT)$ rose 2.69% to $155.42, Synopsys Inc. $(SNPS)$ fell 1.56% to $447.26, and Palo Alto Networks Inc. (PANW) rose 9.14% to $332.00.
Trading volume (2.7 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 29, 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
June 29, 2026 16:38 ET (20:38 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments