Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -1.76% rose 1.65% to $332.12 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -2.27% rising 0.74% to 4,519.63 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -2.53% rising 0.56% to 35,457.31. This was the stock's fifth consecutive day of gains. Fortinet Inc. hit a new 52-week high, surpassing its previous peak of $326.89, which the company reached on October 18th.
The stock outperformed some of its competitors Tuesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -1.57% rose 1.00% to $55.74, HP Inc. /zigman2/quotes/203461582/composite HPQ -2.43% rose 0.91% to $28.86, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -3.00% fell 0.52% to $512.49. Trading volume (895,446) eclipsed its 50-day average volume of 886,838.