DJ Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ rallied 1.59% to $301.66 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.09% to 6,005.88 and the Dow Jones Industrial Average remaining mostly unchanged at 42,761.76.
This was the stock's seventh consecutive day of gains.
Cadence Design Systems Inc. closed 8.31% below its 52-week high of $328.99, which the company achieved on June 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Fortinet Inc. $(FTNT)$ fell 2.73% to $102.08, Synopsys Inc. $(SNPS)$ rose 2.01% to $495.77, and Palo Alto Networks Inc. (PANW) fell 1.64% to $196.33.
Trading volume (2.5 M) eclipsed its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 9, 2025.
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June 09, 2025 16:42 ET (20:42 GMT)
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