Shares of Synopsys Inc. (NAS:SNPS) 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 (S&P:SPX) rising 1.46% to 3,789.99 and the Dow Jones Industrial Average (DOW:DJIA) 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. (NAS:INTC) rose 1.90% to $38.65, Autodesk Inc. (NAS:ADSK) rose 2.98% to $176.71, and Cadence Design Systems Inc. (NAS:CDNS) rose 3.02% to $147.72. Trading volume (902,926) remained 85,944 below its 50-day average volume of 988,870.