Shares of Fortinet Inc. FTNT, +0.87% inched 0.87% higher to $253.33 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.34% rising 0.34% to 4,358.13 and the Dow Jones Industrial Average DJIA, +0.30% rising 0.30% to 34,681.79. This was the stock’s fourth consecutive day of gains. Fortinet Inc. hit a new 52-week high, surpassing its previous peak of $251.85, which the company reached on July 6th.
The stock outperformed some of its competitors Wednesday, as Cisco Systems Inc. CSCO, +0.53% rose 0.53% to $53.26, HP Inc. HPQ, +0.33% rose 0.33% to $30.28, and Palo Alto Networks Inc. PANW, -1.25% fell 1.25% to $386.99. Trading volume (1.1 M) eclipsed its 50-day average volume of 951,926.