Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +0.52% slid 4.30% to $149.11 Friday, 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 0.00% falling 2.91% to 3,900.86 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.23% falling 2.73% to 31,392.79. This was the stock's third consecutive day of losses. Cadence Design Systems Inc. closed $43.59 below its 52-week high ($192.70), which the company achieved on December 28th.
The stock underperformed when compared to some of its competitors Friday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -0.11% fell 4.09% to $187.08, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +0.54% fell 3.69% to $305.39, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -2.44% fell 3.56% to $241.87. Trading volume (1.2 M) remained 439,862 below its 50-day average volume of 1.6 M.