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Shares of Cognizant Technology Solutions Corp. (CTSH) slumped 0.85% to $86.68 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,670.29 and Dow Jones Industrial Average falling 0.45% to 36,068.87. This was the stock's fourth consecutive day of losses. Cognizant Technology Solutions Corp. closed $5.35 short of its 52-week high ($92.03), which the company achieved on January 4th.
The stock underperformed when compared to some of its competitors Monday, as Accenture PLC Cl A (ACN) rose 0.61% to $373.00, International Business Machines Corp. (IBM) rose 0.15% to $135.03, and Infosys Ltd. ADR (500209.BY) rose 2.36% to $24.77. Trading volume (3.4 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 10, 2022.
(END) Dow Jones Newswires
January 10, 2022 16:47 ET (21:47 GMT)
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