The stock of Cognizant Technology Solutions Corp. (CTSH) fell by 1.02% on Friday, underperforming the overall stock market. The S&P 500 Index rose by 0.18% and the Dow Jones Industrial Average rose by 0.07%. This marks the fifth consecutive day of losses for Cognizant Technology Solutions Corp., which closed $4.01 below its 52-week high.
Despite the stock’s decline, it outperformed some of its competitors on Friday. Cadence Design Systems Inc. (CDNS) fell by 1.25% and Palantir Technologies Inc. (PLTR) fell by 1.66%. Trading volume for Cognizant Technology Solutions Corp. was below its 50-day average volume.
Overall, the stock market had a favorable trading session on Friday, with the S&P 500 and Dow Jones Industrial Average both posting gains. However, Cognizant Technology Solutions Corp. did not follow this trend and experienced losses.