Cognizant Technology Solutions Corp. Stock Falls Wednesday, Still Outperforms Market

Tenneco Inc

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Consumer Discretionary : Auto Components | Small Cap Value

Company profile

Tenneco Inc. designs, manufactures, markets, and distributes products and services for light vehicle, commercial truck, off-highway, industrial, motorsport, and aftermarket customers. The Company operates through four segments: Motorparts, Performance Solutions, Clean Air, and Powertrain. The Motorparts segment designs, manufactures, sources, markets, and distributes a portfolio of brand-name products in the global vehicle aftermarket while also servicing the original equipment service (OES) market. Its Motorparts products are marketed and sold under brand names, including Monroe, Champion, MOOG, Walker, Fel-Pro and others. The Performance Solutions segment designs, manufactures, markets, and distributes a variety of products and systems designed to optimize the ride experience. The Clean Air segment designs, manufactures, and distributes a range of products and systems designed to reduce pollution and optimize engine performance, acoustic tuning, and weight on various vehicles.

Cognizant Technology Solutions Corp. Stock Falls Wednesday, Still Outperforms Market

4:47 pm ET January 5, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

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.

-MarketWatch Automation

(END) Dow Jones Newswires

January 05, 2022 16:47 ET (21:47 GMT)