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May 11, 2022, 4:42 p.m. EDT

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

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Shares of Cadence Design Systems Inc. (NAS:CDNS) 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 (S&P:SPX) falling 1.65% to 3,935.18 and Dow Jones Industrial Average (DOW:DJIA) 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. (NAS:ADSK) fell 3.07% to $180.68, Synopsys Inc. (NAS:SNPS) fell 3.58% to $260.83, and Ansys Inc. (NAS:ANSS) 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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