Cadence Design Systems, Inc’s filing revealed that its Sr. Vice President Cunningham Paul unloaded Company’s shares for reported $0.19 million on Jun 02 ’25. In the deal valued at $285.97 per share,650 shares were sold. As a result of this transaction, Cunningham Paul now holds 107,499 shares worth roughly $31.92 million.
Then, PAUL A CUNNINGHAM bought 650 shares, generating $185,880 in total proceeds.
Before that, PLUMMER JAMES D sold 868 shares. Cadence Design Systems, Inc shares valued at $277,715 were divested by the Director at a price of $319.95 per share. As a result of the transaction, PLUMMER JAMES D now holds 23,996 shares, worth roughly $7.13 million.
JP Morgan upgraded its Cadence Design Systems, Inc [CDNS] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Wells Fargo began covering CDNS with “an Overweight” recommendation on November 22, 2024. Loop Capital started covering the stock on November 12, 2024. It rated CDNS as “a Buy”.
Price Performance Review of CDNS
On Friday, Cadence Design Systems, Inc [NASDAQ:CDNS] saw its stock jump 0.22% to $296.95. Over the last five days, the stock has gained 3.44%. Cadence Design Systems, Inc shares have fallen nearly -1.17% since the year began. Nevertheless, the stocks have risen 3.42% over the past one year. While a 52-week high of $328.99 was reached on 01/24/25, a 52-week low of $221.56 was recorded on 04/07/25. SMA at 50 days reached $285.63, while 200 days put it at $282.90.
Levels Of Support And Resistance For CDNS Stock
The 24-hour chart illustrates a support level at 295.19, which if violated will result in even more drops to 293.42. On the upside, there is a resistance level at 299.18. A further resistance level may holdings at 301.40. The Relative Strength Index (RSI) on the 14-day chart is 48.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.52%. Stochastics %K at 41.19% indicates the stock is a holding.
The most recent change occurred on October 22, 2024 when Mizuho began covering the stock and recommended ‘”an Outperform”‘ rating along with a $325 price target.
