Cognizant Technology Solutions Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of Cognizant Technology Solutions Corp. (CTSH) inched 0.17% higher to $84.82 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.03% to 4,620.64 and Dow Jones Industrial Average falling 1.48% to 35,365.44. This was the stock's third consecutive day of gains. Cognizant Technology Solutions Corp. closed $0.52 short of its 52-week high ($85.34), which the company reached on December 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Accenture PLC Cl A (ACN) fell 1.09% to $396.24, International Business Machines Corp. (IBM) rose 1.17% to $127.40, and Infosys Ltd. ADR (500209.BY) fell 0.29% to $24.04. Trading volume (7.3 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 17, 2021.
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December 17, 2021 16:47 ET (21:47 GMT)
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