Shares of Cognizant Technology Solutions Corporation (CTSH) Drops by -0.29%

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 -7.07% 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 -1.76% relative to the S&P 500. The 4-week change in the price of the stock is -3.01% and the stock has fallen -0.29% in the past 1 week. The stock has recorded a 20-day Moving Average of 1.25% and the 50-Day Moving Average is 3.81%.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): The stock opened at $57.52 on Friday but the bulls could not build on the opening and the stock topped out at $58.07 for the day. The stock traded down to $56.52 during the day, due to lack of any buying support eventually closed down at $57.76 with a loss of -2.00% for the day. The stock had closed at $58.94 on the previous day. The total traded volume was 6,336,358 shares.


The company Insiders own 0.79% 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 -13.15% . Institutional Investors own 89.43% of Cognizant Technology Solutions Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -13.6%. In a related news, Mcloughlin Karen, officer (Chief Financial Officer) of Cognizant Technology Solutions Corp, unloaded 8,018 shares at an average price of $61.13 on June 20, 2016. The total amount of the transaction was worth $490,140, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.