Large Outflow of Money Witnessed in Cognizant Technology Solutions Corporation

Cognizant Technology Solutions Corporation (CTSH): The stock had negative money flow to the tune of ($5.6 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $43.78 million, whereas, the outflow of money on downticks was $49.38 million and the ratio between the two was 0.89. The block trade had a negative net money flow of ($6.61 million). The total block trade value undertaken on upticks was $18.69 million. On the other hand, downticks amounted to $25.3 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.74. Cognizant Technology Solutions Corporation (CTSH) closed with marginal gains of 43 cents to end the day at $54.83, an increase of 0.79% over the previous days close. The stock recorded 0.77% for the week.


Shares of Cognizant Technology Solutions Corporation appreciated by 2.69% during the last five trading days but lost 5.12% on a 4-week basis. Cognizant Technology Solutions Corporation has dropped 3.85% during the last 3-month period . Year-to-Date the stock performance stands at -8.55%.

Cognizant Technology Solutions Corporation (CTSH) : Zacks Investment Research ranks Cognizant Technology Solutions Corporation (CTSH) as 4, which is a Sell recommendation. 12 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 1.63, which indicates as a Buy.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): The stock opened at $54.49 and touched an intraday high of $54.96 on Wednesday. During the day, the stock corrected to an intraday low of $54.165, however, the bulls stepped in and pushed the price higher to close in the green at $54.89 with a gain of 0.90% for the day. The total traded volume for the day was 5,013,287. The stock had closed at $54.4 in the previous trading session.

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.

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