Company Shares of Cadence Design Systems (NASDAQ:CDNS) Rally 2.75%

Cadence Design Systems (NASDAQ:CDNS) has been under a strong bear grip, hence the stock is down -0.19% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.45% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.75% in the last 1 week, and is up 1.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 26.58% from its 1 Year high price. On May 25, 2016, the shares registered one year high at $25.49 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $24.51 and the 200 Day Moving Average price is recorded at $22.49.

The stock has recorded a 20-day Moving Average of 3.11% and the 50-Day Moving Average is 3.65%.


Cadence Design Systems (NASDAQ:CDNS): stock turned positive on Friday. Though the stock opened at $24.7, the bulls momentum made the stock top out at $25.135 level for the day. The stock recorded a low of $24.58 and closed the trading day at $25.05, in the green by 1.91%. The total traded volume for the day was 1,949,882. The stock had closed at $24.58 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Cowie James J, officer (Sr. VP, General Counsel) of Cadence Design Systems Inc, had unloaded 3,121 shares at an average price of $24.23 in a transaction dated on July 5, 2016. The total value of the transaction was worth $75,622.

Cadence Design Systems, Inc. (Cadence) develops system design enablement (SDE) solutions that are used to design whole electronics systems and integrated circuits (ICs) and electronic devices. The Companys SDE product offerings include electronic design automation (EDA), software, emulation and prototyping hardware, and two categories of intellectual property (IP) verification IP (VIP) and design IP. The Company provides maintenance for its software, emulation hardware and IP product offerings. It also provides engineering services related to methodology, education, hosted design solutions and design services for ICs and development of custom IP. The companys customers include electronics systems and semiconductor companies, Internet service providers and other technology companies that deliver a range of electronics products in market segments, such as mobile and consumer devices, communications, cloud and data center infrastructure, medical systems and other devices.

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