Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +0.37% slipped 5.00% to $141.66 Monday, 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 +0.19% falling 3.88% to 3,749.63 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.09% falling 2.79% to 30,516.74. This was the stock's fourth consecutive day of losses. Cadence Design Systems Inc. closed $51.04 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 Monday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK +0.49% fell 7.47% to $173.10, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -1.91% fell 4.96% to $290.25, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +0.07% fell 4.67% to $230.57. Trading volume (1.4 M) remained 188,300 below its 50-day average volume of 1.6 M.