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

Cognizant Technology Solutions Corporation (CTSH) : The total money flow in Cognizant Technology Solutions Corporation (CTSH) was negative ($2.69 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $9.16 million. Transactions on upticks were comparatively lower at $6.47 million. The uptick to downtick ratio was 0.71. The total block trades done on upticks were valued at $3.04 million. The total block trades on downticks were valued at $5.8 million. The uptick to the downtick ratio of block trades was 0.52. The money flow during block trades was negative ($2.76 million) when the stock traded with a gain of $11 cent. Cognizant Technology Solutions Corporation (CTSH) was $57.96, an increase of 0.19% over the previous days close.


Also, In the latest statement by the brokerage house, Nomura downgrades its outlook on Cognizant Technology Solutions Corporation (NASDAQ:CTSH). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on August 8, 2016.

Cognizant Technology Solutions Corporation has lost 0.41% in the last five trading days and dropped 0.92% in the last 4 weeks. Cognizant Technology Solutions Corporation has dropped 5.27% during the last 3-month period . Year-to-Date the stock performance stands at -3.52%.

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 $58.09 and $57.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.91, notching a gain of 0.10% for the day. The total traded volume was 2,430,124 . The stock had closed at $57.85 on the previous day.

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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