Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has tumbled 1.19% during the past week and has dropped 5.39% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.01%. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has underperformed the index by 6.25% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH): The stock opened at $59.88 on Friday but the bulls could not build on the opening and the stock topped out at $60.02 for the day. The stock traded down to $58.94 during the day, due to lack of any buying support eventually closed down at $59.55 with a loss of -0.27% for the day. The stock had closed at $59.71 on the previous day. The total traded volume was 3,821,420 shares.
The company shares have dropped -5.78% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $69.80 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $60.75 and the 200 Day Moving Average price is recorded at $59.60.
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.
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%.
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.