Cadence Design Systems (CDNS) Laps the Stock Market: Here's Why
CDNSCadence(CDNS) zacks.com·2024-05-29 06:50

The latest trading session saw Cadence Design Systems (CDNS) ending at $296.21, denoting a +0.66% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 0.03%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, added 0.59%.Shares of the maker of hardware and software products for validating chip designs witnessed a gain of 4.17% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 6.87% and the S&P 500's gain o ...