Cognizant Technology Solutions Corp. stock falls Thursday, underperforms market – MarketWatch

Science & Technology

Shares of Cognizant Technology Solutions Corp. CTSH, -0.73% dropped 0.73% to $88.94 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.30% falling 0.30% to 4,778.73 and Dow Jones Industrial Average DJIA, -0.25% falling 0.25% to 36,398.08. The stock’s fall snapped a six-day winning streak. Cognizant Technology Solutions Corp. closed $1.14 short of its 52-week high ($90.08), which the company achieved on December 29th.
The stock underperformed when compared to some of its competitors Thursday, as Accenture PLC Cl A ACN, -0.38% fell 0.38% to $413.83, International Business Machines Corp. IBM, +0.42% rose 0.42% to $133.91, and Infosys Ltd. ADR INFY, +0.12% rose 0.12% to $25.41. Trading volume (1.4 M) remained 1.2 million below its 50-day average volume of 2.6 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Amazon, Visa, Nordstrom, and AT&T are among the stocks pegged to outperform the S&P 500 next year.

Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.