Shares of Cognizant Technology Solutions Corporation (CTSH) Sees Large Inflow of Net Money Flow

Cognizant Technology Solutions Corporation (CTSH) : Cognizant Technology Solutions Corporation (CTSH) had a healthy money flow of $1.34 million into the stock during the Mondays trading session. The value of bullish trades on upticks was $3.92 million, whereas, investors only sold shares worth $2.58 million on downticks. The stock closed the day with an up-down ratio of 1.52.The money flow in the block trades to the tune of $1.82 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.82 million worth of transactions were on upticks. Cognizant Technology Solutions Corporation (CTSH) stock slid $0.01 intraday and traded at 57.75, a change of -0.02% over previous days close. However, for the week, the company shares are -0.31% compared to previous weeks close.


Cognizant Technology Solutions Corporation has dropped 3.97% during the last 3-month period . Year-to-Date the stock performance stands at -3.4%. Cognizant Technology Solutions Corporation has lost 0.79% in the last five trading days and dropped 2.9% in the last 4 weeks. 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 (NASDAQ:CTSH): stock turned positive on Monday. Though the stock opened at $57.84, the bulls momentum made the stock top out at $58.03 level for the day. The stock recorded a low of $57.63 and closed the trading day at $57.98, in the green by 0.38%. The total traded volume for the day was 3,645,482. The stock had closed at $57.76 in the previous days trading.

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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