DJ Cadence Design Systems Inc. Stock Rises Tuesday, Still Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Cadence Design Systems Inc. $(CDNS)$ rallied 1.10% to $296.80 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.11% to 6,092.18 and the Dow Jones Industrial Average rising 1.19% to 43,089.02.
The stock's rise snapped a four-day losing streak.
Cadence Design Systems Inc. closed 9.01% below its 52-week high of $326.19, which the company achieved on December 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Fortinet Inc. $(FTNT)$ rose 1.23% to $104.42, Synopsys Inc. $(SNPS)$ rose 1.70% to $478.98, and Palo Alto Networks Inc. (PANW) fell 0.80% to $201.69.
Data source: Dow Jones Market Data, FactSet. Data compiled June 24, 2025.
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 24, 2025 16:42 ET (20:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.