Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +4.34% rose 1.93% to $146.60 Friday, 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 +3.06% rising 0.01% to 3,901.36 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.68% rising 0.03% to 31,261.90. This was the stock's second consecutive day of gains. Cadence Design Systems Inc. closed $46.10 short of its 52-week high ($192.70), which the company achieved on December 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK +4.95% fell 1.19% to $191.41, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +2.66% rose 2.06% to $306.72, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +4.22% rose 1.67% to $252.15. Trading volume (2.6 M) eclipsed its 50-day average volume of 1.7 M.