Cognizant Technology Solutions Corp. Stock Underperforms Wednesday When Compared To Competitors

Dow Jones12-19

DJ Cognizant Technology Solutions Corp. Stock Underperforms Wednesday When Compared To Competitors

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Cognizant Technology Solutions Corp. $(CTSH)$ slid 3.42% to $78.26 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.

The stock's fall snapped a two-day winning streak.

Cognizant Technology Solutions Corp. closed $4.20 below its 52-week high ($82.46), which the company reached on December 17th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Cadence Design Systems Inc. $(CDNS)$ fell 3.25% to $301.24 and Palantir Technologies Inc. (PLTR) fell 3.87% to $71.51.

Trading volume (2.8 M) remained 438,832 below its 50-day average volume of 3.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.

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December 18, 2024 16:57 ET (21:57 GMT)

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