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April 29, 2022, 4:42 p.m. EDT

Cadence Design Systems Inc. stock underperforms Friday when compared to competitors

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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +4.34% shed 5.13% to $150.85 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +3.06% falling 3.63% to 4,131.93 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.68% falling 2.77% to 32,977.21. The stock's fall snapped a four-day winning streak. Cadence Design Systems Inc. closed $41.85 short of its 52-week high ($192.70), which the company reached on December 28th.

The stock underperformed when compared to some of its competitors Friday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK +4.95% fell 3.35% to $189.28, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +2.66% fell 4.99% to $286.79, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +4.22% fell 4.04% to $275.69. Trading volume (1.7 M) remained 253,605 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
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
$41.66 billion
Rev. per Employee
$339,138
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/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
$39.85 billion
Rev. per Employee
$362,500
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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
$47.31 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
$21.45 billion
Rev. per Employee
$385,993
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