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Shares of Cognizant Technology Solutions Corp. (CTSH) rallied 2.15% to $84.68 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.87% to 4,668.67 and Dow Jones Industrial Average falling 0.08% to 35,897.64. This was the stock's second consecutive day of gains. Cognizant Technology Solutions Corp. hit a new 52-week high, surpassing its previous peak of $83.05, which the company reached on December 15th.
The stock underperformed when compared to some of its competitors Thursday, as Accenture PLC Cl A (ACN) rose 6.74% to $400.60, International Business Machines Corp. (IBM) rose 2.29% to $125.93, and Infosys Ltd. ADR (500209.BY) rose 3.65% to $24.11. Trading volume (5.1 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 16, 2021.
(END) Dow Jones Newswires
December 16, 2021 16:47 ET (21:47 GMT)
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