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May 18, 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. /zigman2/quotes/207095682/composite CDNS -0.26% shed 4.60% to $136.30 Wednesday, 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 +1.06% falling 4.04% to 3,923.68 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% falling 3.57% to 31,490.07. Cadence Design Systems Inc. closed $56.40 short of its 52-week high ($192.70), which the company achieved on December 28th.

The stock underperformed when compared to some of its competitors Wednesday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK +1.10% fell 3.92% to $187.98, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -0.81% fell 3.62% to $272.57, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +0.38% fell 4.22% to $242.27. Trading volume (1.3 M) remained 387,254 below its 50-day average volume of 1.7 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
$ 149.64
-0.39 -0.26%
Volume: 1.51M
July 1, 2022 4:00p
P/E Ratio
55.89
Dividend Yield
N/A
Market Cap
$41.26 billion
Rev. per Employee
$339,138
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,825.33
+39.95 +1.06%
Volume: 2.20B
July 1, 2022 5:45p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,097.26
+321.83 +1.05%
Volume: 313.35M
July 1, 2022 5:45p
loading...
/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 173.86
+1.90 +1.10%
Volume: 1.20M
July 1, 2022 4:00p
P/E Ratio
78.91
Dividend Yield
N/A
Market Cap
$37.77 billion
Rev. per Employee
$362,500
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 301.23
-2.47 -0.81%
Volume: 916,546
July 1, 2022 4:00p
P/E Ratio
46.85
Dividend Yield
N/A
Market Cap
$46.08 billion
Rev. per Employee
$290,705
loading...
/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 240.19
+0.90 +0.38%
Volume: 409,884
July 1, 2022 4:00p
P/E Ratio
46.69
Dividend Yield
N/A
Market Cap
$20.89 billion
Rev. per Employee
$385,993
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