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May 10, 2022, 4:42 p.m. EDT

Cadence Design Systems Inc. stock rises Tuesday, outperforms market

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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -0.26% rallied 2.91% to $141.17 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +1.06% rising 0.25% to 4,001.05 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% falling 0.26% to 32,160.74. The stock's rise snapped a three-day losing streak. Cadence Design Systems Inc. closed $51.53 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 +1.10% rose 0.05% to $186.41, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -0.81% rose 3.09% to $270.51, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +0.38% rose 0.59% to $250.64. Trading volume (1.7 M) remained 64,961 below its 50-day average volume of 1.8 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
$ 149.64
-0.39 -0.26%
Volume: 1.51M
July 1, 2022 4:00p
P/E Ratio
55.89
Dividend Yield
N/A
Market Cap
$41.26 billion
Rev. per Employee
$339,138
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/zigman2/quotes/210599714/realtime
US : S&P US
3,825.33
+39.95 +1.06%
Volume: 2.20B
July 1, 2022 5:45p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,097.26
+321.83 +1.05%
Volume: 313.35M
July 1, 2022 5:45p
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/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 173.86
+1.90 +1.10%
Volume: 1.20M
July 1, 2022 4:00p
P/E Ratio
78.91
Dividend Yield
N/A
Market Cap
$37.77 billion
Rev. per Employee
$362,500
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 301.23
-2.47 -0.81%
Volume: 916,546
July 1, 2022 4:00p
P/E Ratio
46.85
Dividend Yield
N/A
Market Cap
$46.08 billion
Rev. per Employee
$290,705
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/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 240.19
+0.90 +0.38%
Volume: 409,884
July 1, 2022 4:00p
P/E Ratio
46.69
Dividend Yield
N/A
Market Cap
$20.89 billion
Rev. per Employee
$385,993
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