Shares of Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +2.26% rallied 1.22% to $143.39 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.40% falling 0.38% to 3,735.48 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.45% falling 0.50% to 30,364.83. The stock's rise snapped a four-day losing streak. Cadence Design Systems Inc. closed $49.31 short of 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 +0.44% fell 0.87% to $171.59, Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +1.30% rose 1.69% to $295.16, and Ansys Inc. /zigman2/quotes/207638775/composite ANSS +0.63% fell 0.35% to $229.76. Trading volume (1.0 M) remained 563,592 below its 50-day average volume of 1.6 M.