Why Conduent Stock Is Making Big Gains Today

Shares of Conduent (NASDAQ: CNDT) are gaining ground in Wednesday's trading. The company's share price was up roughly 7.6% in the daily session as of noon ET. Meanwhile, the S&P 500 index was down roughly 0.2% and the Nasdaq Composite index was off roughly 0.4%.

Conduent published a press release before the market opened announcing that the Bay Area Toll Authority (BATA) had renewed its contract with the company. The five-and-a-half-year contract extension will see Conduent provide processing for automated tolling transactions at the Golden Gate Bridge and seven other bridges in the San Francisco area.

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Source Fool.com