Cadence Design Systems Inc. Stock Slides 4.1%, Underperforms Peers
Dow Jones2026/10/13 20:34This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Cadence Design Systems Inc. slipped 4.1% to $334.20 on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 7,805.45 and the Dow Jones Industrial Average falling 0.3% to 51,670.10.
This was the stock's second consecutive day of losses.
Cadence Design Systems Inc. closed 19.8% short of its 52-week high of $416.69, which the company reached on June 2nd.
The stock underperformed when compared to some of its peers, as Fortinet Inc. fell 1.1% to $190.76, Synopsys Inc. fell 1.6% to $494.51, and Palo Alto Networks Inc. fell 1.68% to $397.03.
Trading volume totaled 2.2 million, compared to the 50-day average of 2.3 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 13, 2026 16:34 ET (20:34 GMT)
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