Cognizant Technology Solutions Corp. Stock Rises Wednesday, Outperforms Market
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Shares of Cognizant Technology Solutions Corp. (CTSH) inched 0.97% higher to $89.59 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.14% to 4,793.06 and the Dow Jones Industrial Average rising 0.25% to 36,488.63. This was the stock's sixth consecutive day of gains. Cognizant Technology Solutions Corp. hit a new 52-week high, surpassing its previous peak of $88.89, which the company achieved on December 28th.
The stock outperformed some of its competitors Wednesday, as Accenture PLC Cl A (ACN) rose 0.04% to $415.42, International Business Machines Corp. (IBM) rose 0.54% to $133.35, and Infosys Ltd. ADR (500209.BY) rose 0.32% to $25.38. Trading volume (2.0 M) remained 570,763 below its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 29, 2021.
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December 29, 2021 16:47 ET (21:47 GMT)
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