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 1.14% to $336.15 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.48% to 7,600.50 and the Dow Jones Industrial Average rising 1.32% to 53,178.41.
The stock's fall snapped a two-day winning streak.
Cadence Design Systems Inc. closed 19.33% short of its 52-week high of $416.69, which the company reached on June 2nd.
The stock underperformed when compared to some of its competitors Monday, as Fortinet Inc. $(FTNT)$ rose 0.78% to $163.21, Synopsys Inc. $(SNPS)$ rose 0.85% to $392.07, and Palo Alto Networks Inc. (PANW) rose 4.61% to $347.13.
Trading volume (1.8 M) remained 699,710 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 3, 2026.
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