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

Cognizant Technology Solutions Corporation (CTSH) : $9.01 million worth of transactions were on upticks in Cognizant Technology Solutions Corporation (CTSH), compared to $4.99 million on downticks. The ratio between the two was 1.81, whereas, the net money flow stood at a healthy $4.02 million on Fridays session. The consistent buying on upticks in the stock accounted for $3.89million worth of trades. The total money flow into the stock stood at $3.89 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.18%. The stock was trading at $58.21, with a drop of $0.11 over the previous days close. The stock recorded 0.77% for the week.


Cognizant Technology Solutions Corporation (CTSH) : 16 Wall Street analysts covering Cognizant Technology Solutions Corporation (CTSH) believe that the average level the stock could reach for the short term is $68.81. The maximum price target given is $79 and the minimum target for short term is around $65, hence the standard deviation is calculated at $3.31.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): stock turned positive on Friday. Though the stock opened at $58.59, the bulls momentum made the stock top out at $58.59 level for the day. The stock recorded a low of $57.53 and closed the trading day at $58.36, in the green by 0.09%. The total traded volume for the day was 3,820,408. The stock had closed at $58.31 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Mcloughlin Karen, officer (Chief Financial Officer) of Cognizant Technology Solutions Corp, had unloaded 8,018 shares at an average price of $61.13 in a transaction dated on June 20, 2016. The total value of the transaction was worth $490,140.

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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