Caterpillar – Caterpillar Inc. stock rises Friday, still underperforms market
Shares of Caterpillar Inc.
inched 0.99% higher to $230.11 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 1.09% to 4,180.17 and the Dow Jones Industrial Average
rising 0.67% to 34,043.49. Caterpillar Inc. closed $7.67 below 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 Friday, as Deere & Co.
rose 2.15% to $376.27, General Electric Co.
rose 1.04% to $13.55, and Cummins Inc.
rose 0.52% to $262.47. Trading volume (3.4 M) eclipsed its 50-day average volume of 3.1 M.