Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +0.47% inched 0.32% higher to $301.53 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 +0.75% rising 0.85% to 4,480.70 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.09% rising 0.68% to 34,814.39. This was the stock's second consecutive day of gains. Fortinet Inc. closed $20.47 short of its 52-week high ($322.00), which the company achieved on September 7th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -0.72% fell 0.54% to $57.56, HP Inc. /zigman2/quotes/203461582/composite HPQ +2.87% rose 1.42% to $27.95, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW +0.97% fell 1.01% to $479.94. Trading volume (1.0 M) eclipsed its 50-day average volume of 946,170.