Cognizant Technology Solutions Corp. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Cognizant Technology Solutions Corp. (CTSH) rose 2.09% to $88.09 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.38% to 4,791.19 and the Dow Jones Industrial Average rising 0.98% to 36,302.38. This was the stock's fourth consecutive day of gains. Cognizant Technology Solutions Corp. hit a new 52-week high, surpassing its previous peak of $86.97, which the company achieved on December 23rd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Accenture PLC Cl A (ACN) rose 2.98% to $415.33, International Business Machines Corp. (IBM) rose 0.76% to $131.62, and Infosys Ltd. ADR (500209.BY) rose 2.43% to $25.33. Trading volume (1.9 M) remained 874,627 below its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 27, 2021.
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December 27, 2021 16:47 ET (21:47 GMT)
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