Cadence Design Systems (CDNS) Rises But Trails Market: What Investors Should Know

In the latest trading session, Cadence Design Systems (CDNS) closed at $296.80, marking a +1.1% move from the previous day. This move lagged the S&P 500's daily gain of 1.11%. Elsewhere, the Dow saw an upswing of 1.19%, while the tech-heavy Nasdaq appreciated by 1.43%. The stock of maker of hardware and software products for validating chip designs has fallen by 6.96% in the past month, lagging the Computer and Technology sector's gain of 5.67% and the S&P 500's gain of 3.92%.Market participants will be clo ...