DJ Cadence Design Systems Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Cadence Design Systems Inc. $(CDNS)$ shed 1.22% to $283.90 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.51% to 6,506.48 and Dow Jones Industrial Average falling 0.96% to 45,577.47.
This was the stock's third consecutive day of losses.
Cadence Design Systems Inc. closed 24.58% short of its 52-week high of $376.45, which the company reached on July 31st.
Despite its losses, the stock outperformed some of its competitors Friday, as Fortinet Inc. $(FTNT)$ fell 2.07% to $81.40, Synopsys Inc. $(SNPS)$ fell 1.85% to $420.32, and Palo Alto Networks Inc. (PANW) fell 4.00% to $162.95.
Trading volume (3.3 M) eclipsed its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 20, 2026.
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(END) Dow Jones Newswires
March 20, 2026 16:42 ET (20:42 GMT)
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