Cognizant Technology Solutions Corporation (CTSH) : On Wednesday, The money flowed into the Cognizant Technology Solutions Corporation (CTSH) stock with an uptick to downtick ratio was recorded at 1.1. Transactions worth $32.42 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $29.34 million. The total money flow into the stock was $3.08 million. The block trades reveal a bullish bias with an up-down ratio of 1.18. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $18.69 million of block transactions on upticks. The value of block trades on downticks was $15.87 million, indicating lower selling interest. The total money flow in block trades was $2.82 million. In terms of price action, Cognizant Technology Solutions Corporation (CTSH) traded down $0.1 during the session at $54.3. Compared to the previous days closing, the stock was down only by -0.18%. For the week, the stock is -0.2%, over previous weeks closing.
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.