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Shares of Cognizant Technology Solutions Corp.
CTSH,
shed 1.81% to $74.21 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index
SPX,
falling 1.19% to 4,307.54 and Dow Jones Industrial Average
DJIA,
falling 1.59% to 33,843.92. This was the stock’s third consecutive day of losses. Cognizant Technology Solutions Corp. closed $8.52 short of its 52-week high ($82.73), which the company reached on December 17th.
The stock underperformed when compared to some of its competitors Thursday, as Accenture PLC Cl A
ACN,
fell 1.12% to $319.92, International Business Machines Corp.
IBM,
fell 0.18% to $138.93, and Infosys Ltd. ADR
INFY,
fell 1.02% to $22.25. Trading volume (2.8 M) remained 83,976 below its 50-day average volume of 2.8 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
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