Caterpillar – Caterpillar Inc. stock outperforms competitors despite losses on the day
Shares of Caterpillar Inc.
slid 2.05% to $227.63 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
falling 0.68% to 4,134.94 and Dow Jones Industrial Average
falling 0.75% to 33,821.30. This was the stock’s second consecutive day of losses. Caterpillar Inc. closed $10.15 short of its 52-week high ($237.78), which the company reached on March 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Deere & Co.
fell 2.74% to $370.27, General Electric Co.
fell 2.97% to $13.06, and Cummins Inc.
fell 1.08% to $259.98. Trading volume (2.5 M) remained 694,246 below its 50-day average volume of 3.2 M.