Shares of Cognizant Technology Solutions Corp. CTSH shed 2.39% to $73.16 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 1.31% to 3,819.72 and Dow Jones Industrial Average DJIA falling 0.39% to 31,270.09. The stock's fall snapped a three-day winning streak. Cognizant Technology Solutions Corp. closed $9.57 below its 52-week high ($82.73), which the company reached on December 17th.
The stock underperformed when compared to some of its competitors Wednesday, as Accenture PLC Cl A ACN fell 1.95% to $254.18, International Business Machines Corp. IBM rose 1.69% to $122.36, and Infosys Ltd. ADR INFY rose 2.44% to $18.46. Trading volume (3.4 M) eclipsed its 50-day average volume of 2.8 M.