Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -0.59% advanced 1.57% to $152.85 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.88% rising 0.48% to 4,175.48 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.82% rising 0.20% to 33,128.79. The stock's rise snapped a two-day losing streak. Cadence Design Systems Inc. closed $39.85 below its 52-week high ($192.70), which the company reached on December 28th.
The stock outperformed some of its competitors Tuesday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -2.77% rose 0.17% to $193.22, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -0.77% rose 0.52% to $292.21, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -0.90% fell 0.01% to $279.91. Trading volume (1.4 M) remained 534,501 below its 50-day average volume of 1.9 M.