Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -3.56% inched 0.40% higher to $333.45 Wednesday, 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 +1.17% rising 0.37% to 4,536.19 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.87% rising 0.43% to 35,609.34. This was the stock's sixth consecutive day of gains. Fortinet Inc. hit a new 52-week high, surpassing its previous peak of $333.09, which the company achieved on October 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +1.30% rose 0.83% to $56.20, HP Inc. /zigman2/quotes/203461582/composite HPQ -1.65% fell 0.94% to $28.59, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -3.77% fell 0.11% to $511.92. Trading volume (706,449) remained 184,136 below its 50-day average volume of 890,585.