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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. (NAS:CDNS) 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 (S&P:SPX) falling 1.08% to 4,115.77 and Dow Jones Industrial Average (DOW:DJIA) 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. (NAS:ADSK) fell 1.66% to $203.73, Synopsys Inc. (NAS:SNPS) fell 2.01% to $322.89, and Ansys Inc. (NAS:ANSS) 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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