The market has been high on Cognizant Technology Solutions Corp (CTSH) stock recently. CTSH gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Cognizant Technology Solutions Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CTSH!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With CTSH Stock Today?
Cognizant Technology Solutions Corp (CTSH) stock is trading at $71.14 as of 10:33 AM on Tuesday, Nov 28, an increase of $0.37, or 0.52% from the previous closing price of $70.77. The stock has traded between $70.70 and $71.18 so far today. Volume today is light. So far 457,315 shares have traded compared to average volume of 3,135,214 shares.
More About Cognizant Technology Solutions Corp
Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.
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