Shares of Cognizant Technology Solutions Corp. CTSH inched 0.16% higher to $74.95 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.81% to 3,870.29 and Dow Jones Industrial Average DJIA falling 0.46% to 31,391.52. This was the stock's third consecutive day of gains. Cognizant Technology Solutions Corp. closed $7.78 below its 52-week high ($82.73), which the company achieved on December 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Accenture PLC Cl A ACN rose 0.41% to $259.23, International Business Machines Corp. IBM fell 0.34% to $120.33, and Infosys Ltd. ADR INFY rose 2.04% to $18.02. Trading volume (3.0 M) eclipsed its 50-day average volume of 2.8 M.