Cognizant Technology Solutions Corporation (CTSH) : During the past 4 weeks, traders have been relatively bearish on Cognizant Technology Solutions Corporation (CTSH), hence the stock is down -2.46% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.79% relative to the S&P 500. The 4-week change in the price of the stock is -2.09% and the stock has fallen -1.82% in the past 1 week.
Cognizant Technology Solutions Corporation has dropped 9.22% during the last 3-month period . Year-to-Date the stock performance stands at -4.8%. The stock has recorded a 20-day Moving Average of 1.49% and the 50-Day Moving Average is 2.22%.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.02 and $56.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.14, notching a gain of 0.35% for the day. The total traded volume was 3,386,313 . The stock had closed at $56.94 on the previous day.
Also, Nomura downgrades its rating on Cognizant Technology Solutions Corporation (NASDAQ:CTSH). Analysts at the Nomura have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 8, 2016.
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.