Large Outflow of Money Witnessed in Cognizant Technology Solutions Corporation

Cognizant Technology Solutions Corporation (CTSH) : Tuesdays money flow analysis of Cognizant Technology Solutions Corporation (CTSH) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $15.49 million. In comparison, the inflow of money on upticks was a meager $10.98 million. The dollar value of composite uptick trades minus the downtick trades was negative $4.51 million. The uptick to downtick ratio of 0.71 in the money flow shows weakness. The downtick transaction value was high at $3.13 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($3.13 million). Cognizant Technology Solutions Corporation (CTSH) gained $0.03 at $58.47, a change of 0.05% over the previous days close.


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 -13.15% . Institutional Investors own 89.9% 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%. In an insider trading activity,The officer (Chief Financial Officer) of Cognizant Technology Solutions Corp, Mcloughlin Karen sold 8,018 shares at $61.13 on June 20, 2016. The Insider selling transaction had a total value worth of $490,140. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Shares of Cognizant Technology Solutions Corporation appreciated by 3.48% during the last five trading days but lost 3.17% on a 4-week basis. Cognizant Technology Solutions Corporation has dropped 1.85% during the last 3-month period . Year-to-Date the stock performance stands at -2.77%.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): On Tuesdays trading session , Opening price of the stock was $57.99 with an intraday high of $58.68. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.95. However, the stock managed to close at $58.36, a loss of 0.14% for the day. On the previous day, the stock had closed at $58.44. The total traded volume of the day was 3,313,050 shares.

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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