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June 14, 2022, 4:42 p.m. EDT

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

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Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +2.26% rallied 1.22% to $143.39 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.40% falling 0.38% to 3,735.48 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.45% falling 0.50% to 30,364.83. The stock's rise snapped a four-day losing streak. Cadence Design Systems Inc. closed $49.31 short of 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 +0.44% fell 0.87% to $171.59, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +1.30% rose 1.69% to $295.16, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +0.63% fell 0.35% to $229.76. Trading volume (1.0 M) remained 563,592 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
$ 193.09
+4.26 +2.26%
Volume: 1.66M
Aug. 15, 2022 4:00p
P/E Ratio
69.03
Dividend Yield
N/A
Market Cap
$51.71 billion
Rev. per Employee
$353,034
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/zigman2/quotes/210599714/realtime
US : S&P US
4,297.14
+16.99 +0.40%
Volume: 2.22B
Aug. 15, 2022 5:46p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,912.44
+151.39 +0.45%
Volume: 320.97M
Aug. 15, 2022 5:46p
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/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 234.04
+1.03 +0.44%
Volume: 853,167
Aug. 15, 2022 4:00p
P/E Ratio
106.22
Dividend Yield
N/A
Market Cap
$50.63 billion
Rev. per Employee
$362,500
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 390.45
+5.01 +1.30%
Volume: 654,733
Aug. 15, 2022 4:00p
P/E Ratio
60.73
Dividend Yield
N/A
Market Cap
$58.96 billion
Rev. per Employee
$290,705
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/zigman2/quotes/207638775/composite
US : U.S.: Nasdaq
$ 286.36
+1.79 +0.63%
Volume: 400,174
Aug. 15, 2022 4:00p
P/E Ratio
54.94
Dividend Yield
N/A
Market Cap
$24.78 billion
Rev. per Employee
$391,326
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