Shares of Cognizant Technology Solutions Corp.
slid 0.98% to $76.55 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 0.03% to 4,535.43 and Dow Jones Industrial Average
falling 0.21% to 35,369.09. The stock’s fall snapped a two-day winning streak. Cognizant Technology Solutions Corp. closed $6.18 short of its 52-week high ($82.73), which the company achieved on December 17th.
The stock underperformed when compared to some of its competitors Friday, as Accenture PLC Cl A
rose 0.68% to $343.33, International Business Machines Corp.
fell 0.31% to $139.58, and Infosys Ltd. ADR
rose 1.39% to $24.03. Trading volume (1.4 M) remained 1.6 million below its 50-day average volume of 3.1 M.