Cadence Design Systems Soars 2.32% on Record $1.86 Billion Trading Surge, Climbs to 112th Most-Traded U.S. Stock

. 19, 2025, , . . equities, indicating heightened market participation amid evolving industry dynamics.

Recent developments suggest a focus on operational efficiency and strategic positioning. Analysts noted that the surge in trading volume could reflect investor confidence in the company’s ability to navigate sector-specific challenges, though no direct earnings or partnership announcements were disclosed. Market participants appear to be recalibrating expectations as broader semiconductor demand trends remain under scrutiny.

To ensure I design the back-test exactly the way you expect, could you confirm a few practical details for me? . Stock universe • Do we rank all U.S. listed common stocks each day, or only a particular index (e.g., S&P 500 constituents)? . Weighting method • Equal-weight each of the 500 names, or volume-weight / market-cap-weight? . Pricing convention • Buy at that day’s close and sell at the next day’s close (close-to-close return), or use the next day’s open for entry/exit? . Transaction costs • Any commission/slippage assumptions, or ignore them for this exercise? Once I have these points, I can set up the data-pull plan and run the back-test.