Cognizant Technology Solutions Corp. stock falls Friday, underperforms market – MarketWatch
Shares of Cognizant Technology Solutions Corp. CTSH, -3.22% slipped 3.22% to $87.34 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -1.90% falling 1.90% to 4,418.64 and Dow Jones Industrial Average DJIA, -1.43% falling 1.43% to 34,738.06. This was the stock’s second consecutive day of losses. Cognizant Technology Solutions Corp. closed $5.10 below its 52-week high ($92.44), which the company reached on February 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Accenture PLC Cl A ACN, -3.86% fell 3.86% to $329.18, International Business Machines Corp. IBM, -0.62% fell 0.62% to $132.69, and Infosys Ltd. ADR INFY, -2.92% fell 2.92% to $22.27. Trading volume (3.4 M) eclipsed its 50-day average volume of 2.9 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.
However you slice it, nothing makes this market sell-off faster than news portending the end of our zero-interest rate environment.
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