John M. Wall, Senior Vice President and CFO of Cadence Design Systems, sold 4,224 shares at $309.03 each.
Following the sale, Wall retains 29,248 shares of the company’s common stock.
CDNS stock experienced a decrease to $301.24, reflecting a -3.25% change.
Cadence Design Systems, Inc. (NASDAQ:CDNS) is a prominent player in the electronic design automation industry, providing software, hardware, and IP for designing integrated circuits and systems. The company competes with other industry leaders like Synopsys and Mentor Graphics. On December 18, 2024, John M. Wall, the Senior Vice President and Chief Financial Officer, sold 4,224 shares of CDNS at $309.03 each.
Following this transaction, John M. Wall retains 29,248 shares of Cadence Design Systems’ common stock. This sale comes at a time when CDNS ended a recent trading session at $311.35, a 0.68% decline from the previous day’s closing price. This movement was more significant than the broader market’s performance, indicating a potential shift in investor sentiment.
Currently, CDNS is trading at $301.24 on the NASDAQ, reflecting a decrease of $10.11 or -3.25%. The stock has experienced fluctuations today, with a low of $299.43 and a high of $313.99. This volatility may be of interest to investors monitoring the stock’s performance closely.
Over the past year, CDNS has seen a high of $328.99 and a low of $241.29, showcasing its dynamic price range. The company’s market capitalization is approximately $82.62 billion, indicating its significant presence in the industry. With a trading volume of 1,687,055 shares, CDNS remains an actively traded stock.
