Cognizant Technology Solutions (CTSH) gapped open sharply higher Friday and climbed during the first half hour of trade, before settling into a range. The stock was range-bound for the remainder of the day and closed up by 3.42 at $78.47 on above average volume.
Cognizant Technology Solutions rose past the upper end of a week and a half long range Friday and set a new high for the year. The stock rose sharply after its competitor, Infosys (INFY), increased its full year revenue forecast.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.