Caterpillar – Caterpillar Inc. stock falls Wednesday, underperforms market
Shares of Caterpillar Inc.
slid 0.10% to $230.41 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 0.15% to 4,079.95 and the Dow Jones Industrial Average
rising 0.05% to 33,446.26. This was the stock’s second consecutive day of losses. Caterpillar Inc. closed $7.37 short of its 52-week high ($237.78), which the company achieved on March 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Deere & Co.
fell 0.22% to $374.79, General Electric Co.
fell 0.07% to $13.39, and Cummins Inc.
fell 0.76% to $258.17. Trading volume (2.4 M) remained 923,415 below its 50-day average volume of 3.4 M.