Summary by Moomoo AI
On January 2, 2025, Paul Cunningham, Senior Vice President of Cadence Design Systems, executed a sale of 650 shares of common stock. The transaction was completed at a price of $304.84 per share, resulting in a total value of $198,146.Following this transaction, Cunningham's direct ownership in Cadence Design Systems stands at 59,311 shares. The sale was conducted as an open market transaction, as indicated by the transaction code 'S'.This insider transaction provides insight into executive stock movements at Cadence, a leading electronic design automation software and engineering services company. Such transactions are closely monitored by investors for potential signals about the company's future prospects.