DJ Cadence Design Systems Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ slipped 1.94% to $330.46 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.21% to 7,408.30 and Dow Jones Industrial Average falling 0.97% to 51,711.65.
This was the stock's second consecutive day of losses.
Cadence Design Systems Inc. closed 20.69% short of its 52-week high of $416.69, which the company achieved on June 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Fortinet Inc. $(FTNT)$ fell 2.26% to $151.54, Synopsys Inc. $(SNPS)$ fell 1.08% to $373.52, and Palo Alto Networks Inc. (PANW) fell 2.88% to $325.63.
Trading volume (2.1 M) remained 217,455 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 23, 2026.
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July 23, 2026 16:40 ET (20:40 GMT)
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