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May 5, 2022, 4:42 p.m. EDT

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

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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -1.47% slipped 5.65% to $149.40 Thursday, 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 -0.13% falling 3.56% to 4,146.87 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.05% falling 3.12% to 32,997.97. The stock's fall snapped a two-day winning streak. Cadence Design Systems Inc. closed $43.30 below its 52-week high ($192.70), which the company achieved on December 28th.

The stock underperformed when compared to some of its competitors Thursday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -3.23% fell 2.63% to $198.39, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -1.34% fell 5.63% to $282.34, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -2.60% fell 5.56% to $272.67. Trading volume (1.6 M) remained 287,555 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
$ 155.30
-2.32 -1.47%
Volume: 456,298
June 27, 2022 1:09p
P/E Ratio
58.18
Dividend Yield
N/A
Market Cap
$43.47 billion
Rev. per Employee
$339,138
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/zigman2/quotes/210599714/realtime
US : S&P US
3,906.84
-4.90 -0.13%
Volume: 1.03B
June 27, 2022 1:10p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,483.56
-17.12 -0.05%
Volume: 147.87M
June 27, 2022 1:10p
loading...
/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 186.27
-6.21 -3.23%
Volume: 801,481
June 27, 2022 1:09p
P/E Ratio
84.82
Dividend Yield
N/A
Market Cap
$41.82 billion
Rev. per Employee
$362,500
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 313.21
-4.26 -1.34%
Volume: 329,714
June 27, 2022 1:09p
P/E Ratio
48.79
Dividend Yield
N/A
Market Cap
$48.56 billion
Rev. per Employee
$290,705
loading...
/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 250.28
-6.67 -2.60%
Volume: 153,732
June 27, 2022 1:09p
P/E Ratio
48.83
Dividend Yield
N/A
Market Cap
$22.35 billion
Rev. per Employee
$385,993
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