Cognizant Technology Solutions Corp. Stock Falls 3.9%, Underperforms Peers

Dow Jones10-03

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

Shares of Cognizant Technology Solutions Corp. slid 3.9% to $58.51 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,722.72 and the Dow Jones Industrial Average rising 0.5% to 51,176.96.

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

Cognizant Technology Solutions Corp. closed 32.8% below its 52-week high of $87.03, which the company reached on January 14th.

The stock underperformed when compared to some of its peers, as Cadence Design Systems Inc. rose 0.2% to $351.35, Palantir Technologies Inc. fell 0.7% to $188.75, and Leidos Holdings Inc. fell 3.47% to $117.74.

Trading volume totaled 7.0 million, compared to the 50-day average of 7.8 million.

Data source: Dow Jones Market Data, FactSet

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