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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +4.34% shed 3.89% to $135.68 Wednesday, 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 +3.06% falling 1.65% to 3,935.18 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.68% falling 1.02% to 31,834.11. Cadence Design Systems Inc. closed $57.02 below its 52-week high ($192.70), which the company reached on December 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK +4.95% fell 3.07% to $180.68, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +2.66% fell 3.58% to $260.83, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +4.22% fell 4.74% to $238.75. Trading volume (1.6 M) remained 215,489 below 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.
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