This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Cadence Design Systems Inc. (CDNS) shed 1.48% to $385.13 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&amp;P 500 Index falling 1.62% to 7,266.99 and Dow Jones Industrial Average falling 1.87% to 49,918.78.
This was the stock's second consecutive day of losses.
Cadence Design Systems Inc. closed 7.57% below its 52-week high of $416.69, which the company achieved on June 2nd.
The stock underperformed when compared to some of its competitors Wednesday, as Fortinet Inc. (FTNT) rose 0.35% to $138.88, Synopsys Inc. (SNPS) fell 1.02% to $460.54, and Palo Alto Networks Inc. (PANW) rose 1.04% to $263.22.
Trading volume (1.8 M) remained 662,321 below its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 10, 2026.
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(END) Dow Jones Newswires
06-10-26 1639ET

CDNS

Cadence Design Systems (CDNS) shares fell 1.48% to $385.13 on Wednesday, underperforming competitors like Fortinet and Palo Alto Networks during a broader market decline. This marks the second consecutive day of losses for CDNS, which is now 7.57% below its 52-week high. Trading volume remained below the 50-day average.

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Cadence Design

S&P 500

Cadence Design Systems Inc. Stock Underperforms Wednesday When Compared To Competitors