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May 9, 2022, 4:42 p.m. EDT

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

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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.

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
$ 150.03
-0.89 -0.59%
Volume: 2.09M
June 30, 2022 4:00p
P/E Ratio
56.03
Dividend Yield
N/A
Market Cap
$41.62 billion
Rev. per Employee
$339,138
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/zigman2/quotes/210599714/realtime
US : S&P US
3,785.38
-33.45 -0.88%
Volume: 2.68B
June 30, 2022 5:30p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
30,775.43
-253.88 -0.82%
Volume: 397.27M
June 30, 2022 5:30p
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/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 171.96
-4.89 -2.77%
Volume: 1.71M
June 30, 2022 4:00p
P/E Ratio
78.04
Dividend Yield
N/A
Market Cap
$38.42 billion
Rev. per Employee
$362,500
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 303.70
-2.36 -0.77%
Volume: 1.04M
June 30, 2022 4:00p
P/E Ratio
47.24
Dividend Yield
N/A
Market Cap
$46.82 billion
Rev. per Employee
$290,705
loading...
/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 239.29
-2.17 -0.90%
Volume: 435,143
June 30, 2022 4:00p
P/E Ratio
46.51
Dividend Yield
N/A
Market Cap
$21.00 billion
Rev. per Employee
$385,993
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