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

MarketWatch Automation

Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +0.52% rallied 3.02% to $147.72 Wednesday, 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 -0.16% rising 1.46% to 3,789.99 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.23% rising 1.00% to 30,668.53. This was the stock's second consecutive day of gains. Cadence Design Systems Inc. closed $44.98 short of its 52-week high ($192.70), which the company achieved on December 28th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -0.11% rose 2.98% to $176.71, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +0.54% rose 2.74% to $303.24, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -2.44% rose 3.91% to $238.75. Trading volume (1.6 M) eclipsed 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

Add to watchlist CDNS

Cadence Design Systems Inc.

US : U.S.: Nasdaq

$ 186.55

+0.97 +0.52%

Volume: 1.42M

Aug. 5, 2022 4:00p

P/E Ratio

66.69

Dividend Yield

N/A

Market Cap

$51.09 billion

Rev. per Employee

$353,034

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

4,145.19

-6.75 -0.16%

Volume: 2.22B

Aug. 5, 2022 5:04p

/zigman2/quotes/210598065/realtime

Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

32,803.47

+76.65 +0.23%

Volume: 320.97M

Aug. 5, 2022 5:04p

/zigman2/quotes/209828392/composite

Add to watchlist ADSK

Autodesk Inc.

US : U.S.: Nasdaq

$ 221.70

-0.24 -0.11%

Volume: 1.11M

Aug. 5, 2022 4:15p

P/E Ratio

100.62

Dividend Yield

N/A

Market Cap

$48.17 billion

Rev. per Employee

$362,500

/zigman2/quotes/208349984/composite

Add to watchlist SNPS

Synopsys Inc.

US : U.S.: Nasdaq

$ 374.29

+2.00 +0.54%

Volume: 660,475

Aug. 5, 2022 4:00p

P/E Ratio

58.22

Dividend Yield

N/A

Market Cap

$57.26 billion

Rev. per Employee

$290,705

/zigman2/quotes/207638775/composite

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Ansys Inc.

US : U.S.: Nasdaq

$ 285.48

-7.15 -2.44%

Volume: 473,948

Aug. 5, 2022 4:00p

P/E Ratio

54.77

Dividend Yield

N/A

Market Cap

$24.83 billion

Rev. per Employee

$373,866