DJ Cognizant Technology Solutions Corp. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Cognizant Technology Solutions Corp. $(CTSH)$ inched 0.71% higher to $82.32 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.02% to 5,985.38 and the Dow Jones Industrial Average rising 0.11% to 43,958.19.
This was the stock's third consecutive day of gains.
Cognizant Technology Solutions Corp. hit a new 52-week high, surpassing its previous peak of $82.19, which the company achieved on November 11th.
The stock underperformed when compared to some of its competitors Wednesday, as Cadence Design Systems Inc. $(CDNS)$ rose 2.92% to $306.47 and Palantir Technologies Inc. (PLTR) rose 1.42% to $60.70.
Trading volume (4.8 M) eclipsed its 50-day average volume of 3.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 13, 2024.
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(END) Dow Jones Newswires
November 13, 2024 16:57 ET (21:57 GMT)
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