Shares of Cognizant Technology Solutions Corp.
sank 0.67% to $65.27 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index
falling 1.30% to 4,017.77 and Dow Jones Industrial Average
falling 0.77% to 33,717.09. The stock’s fall snapped a three-day winning streak. Cognizant Technology Solutions Corp. closed $28.20 short of its 52-week high ($93.47), which the company achieved on March 22nd.
Despite its losses, the stock outperformed some of its competitors Monday, as Cadence Design Systems Inc.
fell 2.32% to $180.74 and Palantir Technologies Inc.
fell 2.38% to $7.37. Trading volume (7.4 M) eclipsed its 50-day average volume of 4.6 M.