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Shares of Cognizant Technology Solutions Corp. (CTSH) slid 1.53% to $90.02 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.94% to 4,700.58 and Dow Jones Industrial Average falling 1.07% to 36,407.11. The stock's fall snapped a two-day winning streak. Cognizant Technology Solutions Corp. closed $2.01 below its 52-week high ($92.03), which the company achieved on January 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Accenture PLC Cl A (ACN) fell 1.76% to $397.18, International Business Machines Corp. (IBM) rose 0.14% to $138.22, and Infosys Ltd. ADR (500209.BY) fell 3.23% to $24.30. Trading volume (2.5 M) remained 129,935 below its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 5, 2022.
(END) Dow Jones Newswires
January 05, 2022 16:47 ET (21:47 GMT)
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