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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.
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