Shares of Synopsys Inc. /zigman2/quotes/208349984/composite SNPS +1.06% advanced 2.74% to $303.24 Wednesday, 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 +0.0079% rising 1.46% to 3,789.99 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.22% rising 1.00% to 30,668.53. This was the stock's second consecutive day of gains. Synopsys Inc. closed $74.36 below its 52-week high ($377.60), which the company achieved on December 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Intel Corp. /zigman2/quotes/203649727/composite INTC -0.25% rose 1.90% to $38.65, Autodesk Inc. /zigman2/quotes/209828392/composite ADSK +1.01% rose 2.98% to $176.71, and Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS +0.93% rose 3.02% to $147.72. Trading volume (902,926) remained 85,944 below its 50-day average volume of 988,870.