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June 7, 2022, 4:42 p.m. EDT

Cadence Design Systems Inc. stock outperforms competitors on strong trading day

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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -1.05% advanced 1.24% to $162.27 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.99% rising 0.95% to 4,160.68 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.53% rising 0.80% to 33,180.14. This was the stock's second consecutive day of gains. Cadence Design Systems Inc. closed $30.43 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 Tuesday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -2.54% fell 0.69% to $207.17, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -2.64% rose 0.23% to $329.53, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -2.43% rose 1.68% to $263.26. Trading volume (927,847) remained 696,113 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
$ 188.72
-2.01 -1.05%
Volume: 573,607
Aug. 19, 2022 12:55p
P/E Ratio
67.38
Dividend Yield
N/A
Market Cap
$52.24 billion
Rev. per Employee
$353,034
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/zigman2/quotes/210599714/realtime
US : S&P US
4,241.30
-42.44 -0.99%
Volume: 2.22B
Aug. 19, 2022 12:56p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,819.36
-179.68 -0.53%
Volume: 320.97M
Aug. 19, 2022 12:56p
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/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 223.05
-5.81 -2.54%
Volume: 437,353
Aug. 19, 2022 12:55p
P/E Ratio
100.96
Dividend Yield
N/A
Market Cap
$49.72 billion
Rev. per Employee
$362,500
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 363.48
-9.84 -2.64%
Volume: 841,019
Aug. 19, 2022 12:56p
P/E Ratio
55.10
Dividend Yield
N/A
Market Cap
$57.11 billion
Rev. per Employee
$302,453
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/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 273.08
-6.80 -2.43%
Volume: 96,596
Aug. 19, 2022 12:56p
P/E Ratio
52.43
Dividend Yield
N/A
Market Cap
$24.37 billion
Rev. per Employee
$391,326
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