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June 8, 2022, 4:42 p.m. EDT

Cadence Design Systems Inc. stock outperforms competitors despite losses on the day

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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +0.15% slid 1.44% to $159.93 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 -0.42% falling 1.08% to 4,115.77 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.18% falling 0.81% to 32,910.90. The stock's fall snapped a two-day winning streak. Cadence Design Systems Inc. closed $32.77 below its 52-week high ($192.70), which the company reached on December 28th.

Despite its losses, the stock outperformed some of its competitors Wednesday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -1.16% fell 1.66% to $203.73, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +0.15% fell 2.01% to $322.89, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -1.21% fell 1.68% to $258.83.true Trading volume (1.5 M) remained 127,844 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
$ 184.61
+0.28 +0.15%
Volume: 1.46M
Aug. 9, 2022 4:00p
P/E Ratio
66.00
Dividend Yield
N/A
Market Cap
$50.48 billion
Rev. per Employee
$353,034
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/zigman2/quotes/210599714/realtime
US : S&P US
4,122.47
-17.59 -0.42%
Volume: 2.22B
Aug. 9, 2022 5:13p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
32,774.41
-58.13 -0.18%
Volume: 320.97M
Aug. 9, 2022 5:13p
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/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 218.14
-2.55 -1.16%
Volume: 970,164
Aug. 9, 2022 4:00p
P/E Ratio
99.00
Dividend Yield
N/A
Market Cap
$47.95 billion
Rev. per Employee
$362,500
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 372.61
+0.54 +0.15%
Volume: 820,166
Aug. 9, 2022 4:00p
P/E Ratio
57.95
Dividend Yield
N/A
Market Cap
$56.92 billion
Rev. per Employee
$290,705
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/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 279.23
-3.42 -1.21%
Volume: 468,658
Aug. 9, 2022 4:00p
P/E Ratio
53.58
Dividend Yield
N/A
Market Cap
$24.59 billion
Rev. per Employee
$391,326
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