Caterpillar – Caterpillar Inc. stock falls Tuesday, underperforms market
Shares of Caterpillar Inc.
shed 1.36% to $239.30 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 0.87% to 4,152.10 and Dow Jones Industrial Average
falling 1.36% to 34,269.16. The stock’s fall snapped a two-day winning streak. Caterpillar Inc. closed $6.48 below its 52-week high ($245.78), which the company reached on May 10th.
Despite its losses, the stock outperformed some of its competitors Tuesday, as Deere & Co.
fell 2.10% to $383.20, General Electric Co.
fell 1.95% to $13.09, and Cummins Inc.
fell 2.20% to $264.78.true Trading volume (3.2 M) eclipsed its 50-day average volume of 3.1 M.