Cadence Design Systems, Inc’s filing revealed that its Sr. Vice President Cunningham Paul unloaded Company’s shares for reported $0.16 million on Mar 03 ’25. In the deal valued at $252.73 per share,650 shares were sold. As a result of this transaction, Cunningham Paul now holds 58,123 shares worth roughly $14.14 million.
Then, PAUL A CUNNINGHAM bought 650 shares, generating $164,274 in total proceeds.
Before that, Nisewaner Karna sold 571 shares. Cadence Design Systems, Inc shares valued at $169,073 were divested by the SVP & General Counsel at a price of $296.10 per share. As a result of the transaction, Nisewaner Karna now holds 15,364 shares, worth roughly $3.74 million.
Redburn Atlantic initiated its Cadence Design Systems, Inc [CDNS] rating to a Buy in a research note published on January 13, 2025; the price target was $350. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late November with a ‘”an Overweight”‘ rating. Loop Capital began covering CDNS with “Buy” recommendation on November 12, 2024. Mizuho started covering the stock on October 22, 2024. It rated CDNS as “an Outperform”.
Price Performance Review of CDNS
On Friday, Cadence Design Systems, Inc [NASDAQ:CDNS] saw its stock jump 0.02% to $243.21. Over the last five days, the stock has lost -2.91%. Cadence Design Systems, Inc shares have fallen nearly -19.05% since the year began. Nevertheless, the stocks have fallen -20.96% over the past one year. While a 52-week high of $328.99 was reached on 01/24/25, a 52-week low of $233.72 was recorded on 03/04/25. SMA at 50 days reached $289.12, while 200 days put it at $286.86.
Levels Of Support And Resistance For CDNS Stock
The 24-hour chart illustrates a support level at 236.30, which if violated will result in even more drops to 229.39. On the upside, there is a resistance level at 247.60. A further resistance level may holdings at 251.98. The Relative Strength Index (RSI) on the 14-day chart is 29.35, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.87%. Stochastics %K at 14.85% indicates the stock is a buying.
The most recent change occurred on October 15, 2024 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $320 price target.
