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

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded negative at $59.48. On an intraday basis, the price dropped -0.23 points or -0.39%. The composite uptick value was $53.71 million while the combined downtick value was $18.3. The net money flow was $35.41 million while the up/down ratio was not very comforting at 2.94. The shares on a weekly note has seen a change in share price of -1.31%.According to the trading data, the shares saw a block trade with $36.64 million in upticks and $0 million in downticks. The up/down ratio for the block was calculated to be 0. The net money flow for the block trade was 36.64.

Cognizant Technology Solutions Corporation has lost 1.19% in the last five trading days and dropped 3.98% in the last 4 weeks. Cognizant Technology Solutions Corporation is up 0.51% in the last 3-month period. Year-to-Date the stock performance stands at -0.78%.

Currently 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 -14.27% . Institutional Investors own 89.94% 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%. . On the companys insider trading activities, Mcloughlin Karen, officer (Chief Financial Officer) of Cognizant Technology Solutions Corp, unloaded 590 shares at an average price of $60.26 on June 10, 2016. The total amount of the transaction was worth $35,553, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) witnessed a decline in the market cap on Friday as its shares dropped 0.27% or 0.16 points. After the session commenced at $59.88, the stock reached the higher end at $60.02 while it hit a low of $58.94. With the volume soaring to 3,821,420 shares, the last trade was called at $59.55. The company has a 52-week high of $69.8. The company has a market cap of $36,080 million and there are 605,869,540 shares in outstanding. The 52-week low of the share price is $51.22.

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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