TLDR
- Cognizant Technology Solutions Corp. stock underperformed compared to competitors on Friday.
- Shares of CTSH slid 0.52% to $78.61 on a positive trading day for the market.
Cognizant Technology Solutions Corp. stock, represented by the symbol CTSH, saw a decline of 0.52% on Friday, closing at $78.61. The broader market, as indicated by the S&P 500 Index and the Dow Jones Industrial Average, experienced gains of 0.80% and 0.23%, respectively. CTSH closed $1.48 below its 52-week high of $80.09. Trading volume for the stock was 4.5 million, surpassing its 50-day average volume of 3.7 million.
Compared to its competitors, Cadence Design Systems Inc. (CDNS) rose by 3.57% to $315.24, while Palantir Technologies Inc. (PLTR) fell by 0.60% to $24.93 on the same day. It is essential to note that the article was auto-generated by Automated Insights using data from Dow Jones and FactSet, signifying the utilization of automation technology in market reporting.
The stock market continues to display fluctuations, with various companies experiencing different performances on a given day. Investors and analysts closely monitor such movements to make informed decisions regarding their portfolios and investment strategies.