This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Cadence Design Systems Inc. slipped 7.6% to $313.04 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.7% to 7,631.47 and Dow Jones Industrial Average falling 0.8% to 52,766.88.

This was the stock's third consecutive day of losses.

Cadence Design Systems Inc. closed 24.9% short of its 52-week high of $416.69, which the company reached on June 2nd.

The stock underperformed when compared to some of its peers, as Fortinet Inc. fell 5.3% to $161.85, Synopsys Inc. fell 5.6% to $414.82, and Palo Alto Networks Inc. fell 5.24% to $362.09.

Trading volume totaled 2.3 million, compared to the 50-day average of 2.3 million.

Data source: Dow Jones Market Data, FactSet