Shares of Cognizant Technology Solutions Corporation (CTSH) Sees Large Outflow of Money

Cognizant Technology Solutions Corporation (CTSH): The stock had negative money flow to the tune of ($6.37 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $28.8 million, whereas, the outflow of money on downticks was $35.17 million and the ratio between the two was 0.82. The block trade had a negative net money flow of ($9.75 million). The total block trade value undertaken on upticks was $1.13 million. On the other hand, downticks amounted to $10.88 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.1. Cognizant Technology Solutions Corporation (CTSH) closed with marginal gains of 87 cents to end the day at $58.2, an increase of 1.52% over the previous days close. The stock recorded -2.53% for the week.


Cognizant Technology Solutions Corporation has dropped 0.74% in the last five trading days, however, the shares have posted positive gains of 0.21% in the last 4 weeks. Cognizant Technology Solutions Corporation has dropped 6.36% during the last 3-month period . Year-to-Date the stock performance stands at -3.57%.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH): The stock opened at $58.00 on Monday but the bulls could not build on the opening and the stock topped out at $58.31 for the day. The stock traded down to $57.29 during the day, due to lack of any buying support eventually closed down at $57.88 with a loss of -0.55% for the day. The stock had closed at $58.20 on the previous day. The total traded volume was 5,675,824 shares.

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 20,000 shares at an average price of $60 in a transaction dated on August 5, 2016. The total value of the transaction was worth $1,200,000.

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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