Cognizant Technology Solutions Corp. Stock Falls Thursday, Still Outperforms Market
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Shares of Cognizant Technology Solutions Corp. (CTSH) sank 0.41% to $85.69 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.10% to 4,482.73 and Dow Jones Industrial Average falling 0.89% to 34,715.39. This was the stock's third consecutive day of losses. Cognizant Technology Solutions Corp. closed $6.34 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 Thursday, as Accenture PLC Cl A (ACN) fell 0.31% to $342.69, International Business Machines Corp. (IBM) fell 0.58% to $130.82, and Infosys Ltd. ADR (500209.BY) fell 3.23% to $23.68. Trading volume (2.4 M) remained 218,681 below its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 20, 2022.
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January 20, 2022 16:47 ET (21:47 GMT)
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