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June 9, 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 -0.85% slid 2.58% to $155.81 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.72% falling 2.38% to 4,017.82 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.50% falling 1.94% to 32,272.79. This was the stock's second consecutive day of losses. Cadence Design Systems Inc. closed $36.89 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 Thursday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -2.33% fell 4.26% to $195.06, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -1.21% fell 1.80% to $317.08, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -1.31% fell 3.10% to $250.81. Trading volume (1.2 M) remained 436,289 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
$ 191.00
-1.63 -0.85%
Volume: 1.34M
Aug. 17, 2022 4:00p
P/E Ratio
68.28
Dividend Yield
N/A
Market Cap
$52.76 billion
Rev. per Employee
$353,034
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/zigman2/quotes/210599714/realtime
US : S&P US
4,274.04
-31.16 -0.72%
Volume: 2.22B
Aug. 17, 2022 5:52p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,980.32
-171.69 -0.50%
Volume: 320.97M
Aug. 17, 2022 5:52p
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/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 228.20
-5.44 -2.33%
Volume: 1.03M
Aug. 17, 2022 4:00p
P/E Ratio
103.57
Dividend Yield
N/A
Market Cap
$50.76 billion
Rev. per Employee
$362,500
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 381.00
-4.67 -1.21%
Volume: 1.48M
Aug. 17, 2022 4:00p
P/E Ratio
59.26
Dividend Yield
N/A
Market Cap
$59.00 billion
Rev. per Employee
$290,705
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/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 279.99
-3.73 -1.31%
Volume: 288,287
Aug. 17, 2022 4:00p
P/E Ratio
53.72
Dividend Yield
N/A
Market Cap
$24.70 billion
Rev. per Employee
$391,326
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