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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.
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