Cadence Design Systems Inc. Stock Outperforms Competitors On Strong Trading Day
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Cadence Design Systems Inc. (CDNS) shares rose 2.37% to $320.60 on a positive trading day, breaking a three-day losing streak. The S&P 500 Index increased by 0.26%, while the Dow Jones Industrial Average rose by 0.60%. Despite the gain, CDNS remains 14.83% below its 52-week high of $376.45. Competitors had mixed results, with Fortinet down 0.09%, Synopsys up 0.56%, and Palo Alto Networks down 1.68%. Trading volume reached 2.4 million, surpassing the 50-day average of 1.7 million.
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