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June 13, 2022, 4:42 p.m. EDT

Cadence Design Systems Inc. stock falls Monday, underperforms market

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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.

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
$ 191.70
+0.70 +0.37%
Volume: 406,741
Aug. 18, 2022 12:19p
P/E Ratio
68.70
Dividend Yield
N/A
Market Cap
$52.31 billion
Rev. per Employee
$353,034
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,282.22
+8.18 +0.19%
Volume: 2.22B
Aug. 18, 2022 12:19p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,948.82
-31.50 -0.09%
Volume: 320.97M
Aug. 18, 2022 12:19p
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/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 229.32
+1.12 +0.49%
Volume: 326,427
Aug. 18, 2022 12:18p
P/E Ratio
104.15
Dividend Yield
N/A
Market Cap
$49.58 billion
Rev. per Employee
$362,500
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 373.74
-7.26 -1.91%
Volume: 815,690
Aug. 18, 2022 12:19p
P/E Ratio
56.92
Dividend Yield
N/A
Market Cap
$58.28 billion
Rev. per Employee
$256,709
loading...
/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 280.18
+0.19 +0.07%
Volume: 72,619
Aug. 18, 2022 12:18p
P/E Ratio
53.84
Dividend Yield
N/A
Market Cap
$24.38 billion
Rev. per Employee
$391,326
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