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

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

MarketWatch Automation

Shares of Cadence Design Systems Inc. (NAS:CDNS) 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 (S&P:SPX) falling 3.63% to 4,131.93 and Dow Jones Industrial Average (DOW:DJIA) 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. (NAS:ADSK) fell 3.35% to $189.28, Synopsys Inc. (NAS:SNPS) fell 4.99% to $286.79, and Ansys Inc. (NAS:ANSS) 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.

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