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May 2, 2022, 4:43 p.m. EDT

Cadence Design Systems Inc. stock falls Monday, underperforms market

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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -0.49% dropped 0.24% to $150.49 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.11% rising 0.57% to 4,155.38 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.08% rising 0.26% to 33,061.50. This was the stock's second consecutive day of losses. Cadence Design Systems Inc. closed $42.21 below its 52-week high ($192.70), which the company reached on December 28th.

The stock underperformed when compared to some of its competitors Monday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -1.72% rose 1.91% to $192.90, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -0.70% rose 1.37% to $290.71, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -1.61% rose 1.54% to $279.93. Trading volume (2.0 M) eclipsed its 50-day average volume of 1.9 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

/zigman2/quotes/207095682/composite
US : U.S.: Nasdaq
$ 156.85
-0.77 -0.49%
Volume: 237,635
June 27, 2022 11:16a
P/E Ratio
58.58
Dividend Yield
N/A
Market Cap
$43.47 billion
Rev. per Employee
$339,138
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,916.22
+4.48 +0.11%
Volume: 663.82M
June 27, 2022 11:16a
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,525.48
+24.80 +0.08%
Volume: 98.56M
June 27, 2022 11:16a
loading...
/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 189.17
-3.31 -1.72%
Volume: 525,187
June 27, 2022 11:16a
P/E Ratio
85.86
Dividend Yield
N/A
Market Cap
$41.82 billion
Rev. per Employee
$362,500
loading...
/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 315.25
-2.22 -0.70%
Volume: 205,566
June 27, 2022 11:15a
P/E Ratio
49.20
Dividend Yield
N/A
Market Cap
$48.56 billion
Rev. per Employee
$256,709
loading...
/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 252.82
-4.13 -1.61%
Volume: 89,437
June 27, 2022 11:16a
P/E Ratio
49.24
Dividend Yield
N/A
Market Cap
$22.35 billion
Rev. per Employee
$385,993
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