Cadence Design Systems (CDNS) Rises Yet Lags Behind Market: Some Facts Worth Knowing

In the latest trading session, Cadence Design Systems (CDNS) closed at $296.16, marking a +0.72% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.04%. Meanwhile, the Dow gained 0.77%, and the Nasdaq, a tech-heavy index, added 1.51%.Prior to today's trading, shares of the maker of hardware and software products for validating chip designs had lost 2.22% over the past month. This has lagged the Computer and Technology sector's gain of 1.48% and the S&P 500's gain o ...