Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -1.36% rallied 4.87% to $142.44 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 -0.21% rising 2.39% to 4,023.89 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.05% rising 1.47% to 32,196.66. This was the stock's second consecutive day of gains. Cadence Design Systems Inc. closed $50.26 below its 52-week high ($192.70), which the company reached on December 28th.
The stock underperformed when compared to some of its competitors Friday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -1.95% rose 6.50% to $197.07, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -1.55% rose 5.32% to $275.99, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -2.04% rose 5.83% to $254.57. Trading volume (1.8 M) eclipsed its 50-day average volume of 1.7 M.