Large Outflow of Money Witnessed in Cognizant Technology Solutions Corporation

Cognizant Technology Solutions Corporation (CTSH) : The value of composite uptick trades was $31.17 million, whereas, the value of composite downtick trades was $36.31 million. The uptick to downtick ratio stood at 0.86 with a negative money flow of ($5.14) Million during Fridays trading session. The block trades money flow was negative ($3.64 million).The uptick to the downtick ratio of 0.67 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $7.27 million. The transaction of the trades on downticks amounted to $10.91 million, which confirms investors selling on the strength of price. Cognizant Technology Solutions Corporation (CTSH) gained 77 cents at $58.36, an increase of 1.34% over the previous days close.


The company Insiders own 0.81% of Cognizant Technology Solutions Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.44% . Institutional Investors own 87.26% of Cognizant Technology Solutions Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -14.27%.

In a related news, Mcloughlin Karen, officer (Chief Financial Officer) of Cognizant Technology Solutions Corp, unloaded 20,000 shares at an average price of $60 on August 5, 2016. The total amount of the transaction was worth $1,200,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): The stock opened at $57.95 and touched an intraday high of $58.611 on Friday. During the day, the stock corrected to an intraday low of $57.88, however, the bulls stepped in and pushed the price higher to close in the green at $58.36 with a gain of 1.34% for the day. The total traded volume for the day was 3,672,655. The stock had closed at $57.59 in the previous trading session.

Cognizant Technology Solutions Corporation (CTSH) has been under a strong bear grip, hence the stock is down -2.13% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.34% in the past 1 week. The stock has risen by 0.85% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.26% in the past 4 weeks.

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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