Large Inflow of Money Witnessed in Cognizant Technology Solutions Corporation

The shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) traded with a loss of -0.01 points or -0.02% in the most recent session. The shares last traded at $61.29. As per the trading info, the shares saw $17.79 million in upticks and lost $12.23 million in downticks, resulting in a net money flow of $5.56 million. The up/down ratio for the day was measured at 1.45. For the week, the shares had posted 2.92%.From the block trade data available, the total upticks were valued at $6.61 million and the total downticks were valued at $0 million, thereby putting the up/down ratio at 0. The net money flow for the block transaction was $6.61 million.


The stock has recorded a 20-day Moving Average of 0.92% and the 50-Day Moving Average is 1.66%. The company shares have dropped 3.14% in the past 52 Weeks. On October 28, 2015 The shares registered one year high of $69.8 and one year low was seen on February 9, 2016 at $51.22. The 50-day moving average is $60.83 and the 200 day moving average is recorded at $59.53. S&P 500 has rallied 1.93% during the last 52-weeks.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.46 and $61.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $61.60, notching a gain of 0.49% for the day. The total traded volume was 3,178,880 . The stock had closed at $61.30 on the previous day.

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 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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