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May 17, 2022, 4:42 p.m. EDT

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

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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.

/zigman2/quotes/207095682/composite
US : U.S.: Nasdaq
$ 157.62
+6.56 +4.34%
Volume: 2.18M
June 24, 2022 4:00p
P/E Ratio
58.87
Dividend Yield
N/A
Market Cap
$43.47 billion
Rev. per Employee
$321,317
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,911.74
+116.01 +3.06%
Volume: 3.46B
June 24, 2022 5:05p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,500.68
+823.32 +2.68%
Volume: 470.38M
June 24, 2022 5:05p
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/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 192.48
+9.07 +4.95%
Volume: 2.81M
June 24, 2022 4:00p
P/E Ratio
87.36
Dividend Yield
N/A
Market Cap
$41.82 billion
Rev. per Employee
$349,071
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 317.47
+8.22 +2.66%
Volume: 1.95M
June 24, 2022 4:00p
P/E Ratio
49.38
Dividend Yield
N/A
Market Cap
$48.56 billion
Rev. per Employee
$290,705
loading...
/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 256.95
+10.41 +4.22%
Volume: 804,826
June 24, 2022 4:00p
P/E Ratio
49.94
Dividend Yield
N/A
Market Cap
$22.35 billion
Rev. per Employee
$385,993
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