Caterpillar – Caterpillar Inc. stock outperforms market on strong trading day
Shares of Caterpillar Inc.
rose 1.24% to $233.08 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 0.32% to 3,958.55 and Dow Jones Industrial Average
falling 0.31% to 33,066.96. This was the stock’s fifth consecutive day of gains. Caterpillar Inc. closed $4.70 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.
rose 1.87% to $373.92, General Electric Co.
rose 2.70% to $13.30, and Cummins Inc.
rose 1.03% to $263.52. Trading volume (3.1 M) remained 174,378 below its 50-day average volume of 3.3 M.