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.