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Cognizant (CTSH +4.4%) is rallying after disclosing in an 8-K its top execs will be receiving...
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Wednesday, December 5, 2012, 12:37 PM ETCognizant (CTSH +4.4%) is rallying after disclosing in an 8-K its top execs will be receiving restricted stock grants tied to "the achievement of certain performance milestones." Oppenheimer sees the disclosure as a sign the IT outsourcing firm will see additional share gains in 2013. Cognizant shares rallied strongly in August and September, but have been range-bound since then.
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