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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +1.71% 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 +1.30% falling 1.08% to 4,115.77 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.00% 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 +0.68% fell 1.66% to $203.73, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +2.43% fell 2.01% to $322.89, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +4.27% 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.
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