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Shares of Cognizant Technology Solutions Corp. (CTSH) dropped 0.73% to $88.94 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.30% to 4,778.73 and Dow Jones Industrial Average falling 0.25% to 36,398.08. The stock's fall snapped a six-day winning streak. Cognizant Technology Solutions Corp. closed $1.14 short of its 52-week high ($90.08), which the company achieved on December 29th.
The stock underperformed when compared to some of its competitors Thursday, as Accenture PLC Cl A (ACN) fell 0.38% to $413.83, International Business Machines Corp. (IBM) rose 0.42% to $133.91, and Infosys Ltd. ADR (500209.BY) rose 0.12% to $25.41. Trading volume (1.4 M) remained 1.2 million below its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 30, 2021.
(END) Dow Jones Newswires
December 30, 2021 16:47 ET (21:47 GMT)
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