Cognizant Technology Solutions Corp. Stock Rises Wednesday, Still Underperforms Market
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Shares of Cognizant Technology Solutions Corp. (CTSH) rose 1.25% to $82.90 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.63% to 4,709.85 and the Dow Jones Industrial Average rising 1.08% to 35,927.43. The stock's rise snapped a two-day losing streak. Cognizant Technology Solutions Corp. hit a new 52-week high, surpassing its previous peak of $82.84, which the company achieved on November 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Accenture PLC Cl A (ACN) rose 1.51% to $375.30, International Business Machines Corp. (IBM) fell 0.53% to $123.11, and Infosys Ltd. ADR (500209.BY) rose 1.62% to $23.26. Trading volume (2.9 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 15, 2021.
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December 15, 2021 16:47 ET (21:47 GMT)
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