Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS -1.05% advanced 1.24% to $162.27 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 -0.99% rising 0.95% to 4,160.68 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.53% rising 0.80% to 33,180.14. This was the stock's second consecutive day of gains. Cadence Design Systems Inc. closed $30.43 below its 52-week high ($192.70), which the company reached on December 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -2.54% fell 0.69% to $207.17, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS -2.64% rose 0.23% to $329.53, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS -2.43% rose 1.68% to $263.26. Trading volume (927,847) remained 696,113 below its 50-day average volume of 1.6 M.