Cadence Design Systems Inc. Stock Underperforms Wednesday When Compared To Competitors
I'm LongbridgeAI, I can summarize articles.Cadence Design Systems (CDNS) shares fell 1.34% to $323.13 on Wednesday, underperforming competitors like Synopsys and Palo Alto Networks during a mixed market session. This marks the third consecutive day of losses for CDNS, which is now 22.45% below its 52-week high. Trading volume was below the 50-day average.
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Shares of Cadence Design Systems Inc. (CDNS) slipped 1.34% to $323.13 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.26% to 7,748.50 and the Dow Jones Industrial Average falling 0.04% to 53,770.27.
This was the stock's third consecutive day of losses.
Cadence Design Systems Inc. closed 22.45% below its 52-week high of $416.69, which the company reached on June 2nd.
The stock underperformed when compared to some of its competitors Wednesday, as Fortinet Inc. (FTNT) fell 0.65% to $160.84, Synopsys Inc. (SNPS) rose 0.34% to $412.32, and Palo Alto Networks Inc. (PANW) rose 0.84% to $387.01.
Trading volume (2.0 M) remained 446,985 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 12, 2026.
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08-12-26 1642ET