Caterpillar – Caterpillar Inc. stock rises Friday, still underperforms market
Shares of Caterpillar Inc.
inched 0.12% higher to $230.75 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 0.77% to 4,128.80 and the Dow Jones Industrial Average
rising 0.89% to 33,800.60. This was the stock’s second consecutive day of gains. Caterpillar Inc. closed $7.03 below its 52-week high ($237.78), which the company reached on March 18th.
The stock underperformed when compared to some of its competitors Friday, as Deere & Co.
rose 0.78% to $377.00, General Electric Co.
rose 1.12% to $13.60, and Cummins Inc.
rose 0.95% to $259.38. Trading volume (2.5 M) remained 861,265 below its 50-day average volume of 3.3 M.