Cadence Design Systems Inc. stock outperforms competitors on strong trading day

MarketWatch Automation

Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -0.59% advanced 1.57% to $152.85 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.88% rising 0.48% to 4,175.48 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.82% rising 0.20% to 33,128.79. The stock's rise snapped a two-day losing streak. Cadence Design Systems Inc. closed $39.85 below its 52-week high ($192.70), which the company reached on December 28th.

The stock outperformed some of its competitors Tuesday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -2.77% rose 0.17% to $193.22, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -0.77% rose 0.52% to $292.21, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -0.90% fell 0.01% to $279.91. Trading volume (1.4 M) remained 534,501 below 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

Add to watchlist CDNS

Cadence Design Systems Inc.

US : U.S.: Nasdaq

$ 150.03

-0.89 -0.59%

Volume: 2.09M

June 30, 2022 4:00p

P/E Ratio

56.03

Dividend Yield

N/A

Market Cap

$41.62 billion

Rev. per Employee

$339,138

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

3,785.38

-33.45 -0.88%

Volume: 2.68B

June 30, 2022 5:30p

/zigman2/quotes/210598065/realtime

Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

30,775.43

-253.88 -0.82%

Volume: 397.27M

June 30, 2022 5:30p

/zigman2/quotes/209828392/composite

Add to watchlist ADSK

Autodesk Inc.

US : U.S.: Nasdaq

$ 171.96

-4.89 -2.77%

Volume: 1.71M

June 30, 2022 4:00p

P/E Ratio

78.04

Dividend Yield

N/A

Market Cap

$38.42 billion

Rev. per Employee

$362,500

/zigman2/quotes/208349984/composite

Add to watchlist SNPS

Synopsys Inc.

US : U.S.: Nasdaq

$ 303.70

-2.36 -0.77%

Volume: 1.04M

June 30, 2022 4:00p

P/E Ratio

47.24

Dividend Yield

N/A

Market Cap

$46.82 billion

Rev. per Employee

$290,705

/zigman2/quotes/207638775/composite

Add to watchlist ANSS

Ansys Inc.

US : U.S.: Nasdaq

$ 239.29

-2.17 -0.90%

Volume: 435,143

June 30, 2022 4:00p

P/E Ratio

46.51

Dividend Yield

N/A

Market Cap

$21.00 billion

Rev. per Employee

$385,993