Caterpillar – Caterpillar Inc. stock outperforms competitors despite losses on the day
Shares of Caterpillar Inc.
slumped 0.42% to $214.91 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
falling 1.31% to 3,819.72 and Dow Jones Industrial Average
falling 0.39% to 31,270.09. This was the stock’s second consecutive day of losses. Caterpillar Inc. closed $11.76 below its 52-week high ($226.67), which the company reached on February 24th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Deere & Co.
fell 2.38% to $343.06, General Electric Co.
rose 3.54% to $13.44, and Cummins Inc.
rose 1.55% to $261.67. Trading volume (2.7 M) remained 405,603 below its 50-day average volume of 3.1 M.