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Cadence Design Systems Inc. stock rises Thursday, outperforms market

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Terrence Horan

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Shares of Cadence Design Systems Inc. CDNS rose 2.50% to $157.33 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. This was the stock's third consecutive day of gains. Cadence Design Systems Inc. closed $11.28 short of its 52-week high ($168.61), which the company reached on September 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Autodesk Inc. ADSK rose 2.02% to $289.17, Synopsys Inc. SNPS rose 2.88% to $304.83, and Ansys Inc. ANSS rose 3.33% to $359.40. Trading volume (843,435) remained 164,330 below its 50-day average volume of 1.0 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.