DJ Cognizant Technology Solutions Corp. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Cognizant Technology Solutions Corp. $(CTSH)$ rallied 1.13% to $68.20 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.87% to 5,010.60 and the Dow Jones Industrial Average rising 0.67% to 38,239.98.
This was the stock's second consecutive day of gains.
Cognizant Technology Solutions Corp. closed $11.89 short of its 52-week high ($80.09), which the company achieved on February 23rd.
The stock underperformed when compared to some of its competitors Monday, as Cadence Design Systems Inc. $(CDNS)$ rose 1.70% to $285.02 and Palantir Technologies Inc. (PLTR) rose 2.44% to $20.97.
Trading volume (3.1 M) remained 1.6 million below its 50-day average volume of 4.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 22, 2024.
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April 22, 2024 17:00 ET (21:00 GMT)
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