Cognizant Technology Solutions Corp. Stock Sheds 4.3%, Underperforms Peers

Dow Jones10-24 04:35

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

Shares of Cognizant Technology Solutions Corp. slipped 4.3% to $70.54 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.5% to 7,623.68 and Dow Jones Industrial Average falling 1.2% to 52,215.16.

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

Cognizant Technology Solutions Corp. closed 18.9% 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 2.2% to $316.49, Palantir Technologies Inc. rose 0.3% to $196.75, and Leidos Holdings Inc. rose 1.00% to $136.08.

Trading volume totaled 6.3 million, compared to the 50-day average of 6.4 million.

Data source: Dow Jones Market Data, FactSet

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