Cadence Design Systems (CDNS) Suffers a Larger Drop Than the General Market: Key Insights

In the latest trading session, Cadence Design Systems (CDNS) closed at $305.74, marking a -0.93% move from the previous day. This change lagged the S&P 500's 0.11% loss on the day. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq depreciated by 0.41%.Heading into today, shares of the maker of hardware and software products for validating chip designs had lost 1.07% over the past month, lagging the Computer and Technology sector's gain of 1.42% and the S&P 500's gain of 2.7% in that ti ...