Shares of Cadence Design Systems Inc.
slipped 2.62% to $238.64 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
falling 1.26% to 4,224.16 and Dow Jones Industrial Average
falling 0.86% to 33,127.28.
This was the stock’s fourth consecutive day of losses.
Cadence Design Systems Inc. closed $17.21 short of its 52-week high ($255.85), which the company reached on October 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Fortinet Inc.
fell 2.44% to $56.36, Synopsys Inc.
fell 3.05% to $467.64, and Palo Alto Networks Inc.
fell 3.96% to $243.10.
Trading volume (1.4 M) eclipsed its 50-day average volume of 1.2 M.