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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +4.34% advanced 2.50% to $142.87 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +3.06% rising 2.02% to 4,088.85 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.68% rising 1.34% to 32,654.59. Cadence Design Systems Inc. closed $49.83 short of its 52-week high ($192.70), which the company achieved on December 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK +4.95% rose 1.59% to $195.64, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +2.66% rose 3.32% to $282.81, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +4.22% rose 2.05% to $252.94. Trading volume (1.1 M) remained 662,304 below its 50-day average volume of 1.7 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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