Cognizant Technology Solutions Corporation (CTSH) has risen sharply, recording gains of 0.51% in the past 4 weeks. However, the stock has corrected -1.49% in the past 1 week, providing a good buying opportunity on dips. Cognizant Technology Solutions Corporation (CTSH) : During the past 4 weeks, traders have been relatively bearish on Cognizant Technology Solutions Corporation (CTSH), hence the stock is down -2.76% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.43% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.76% and the 50-Day Moving Average is 3.51%. Cognizant Technology Solutions Corporation has dropped 1.51% during the last 3-month period . Year-to-Date the stock performance stands at -4.22%.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH): On Fridays trading session , Opening price of the stock was $58.03 with an intraday high of $58.08. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.17. However, the stock managed to close at $57.49, a loss of 0.69% for the day. On the previous day, the stock had closed at $57.89. The total traded volume of the day was 2,937,935 shares.
Also, Major Brokerage house, Citigroup maintains its ratings on Cognizant Technology Solutions Corporation (NASDAQ:CTSH). In the latest research report, Citigroup lowers the target price from $71 per share to $68 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 20, 2016.
Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology. The Companies competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management (EIM), application testing, application maintenance, IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting, information technology and outsourcing services, including consulting and technology services, and outsourcing services.