Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -0.59% shed 6.28% to $137.18 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.88% falling 3.20% to 3,991.24 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.82% falling 1.99% to 32,245.70. This was the stock's third consecutive day of losses. Cadence Design Systems Inc. closed $55.52 below its 52-week high ($192.70), which the company achieved on December 28th.
The stock underperformed when compared to some of its competitors Monday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -2.77% fell 3.84% to $186.32, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -0.77% fell 4.48% to $262.41, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -0.90% fell 4.75% to $249.17. Trading volume (2.0 M) eclipsed its 50-day average volume of 1.8 M.