Caterpillar – Caterpillar Inc. stock rises Monday, still underperforms market
Shares of Caterpillar Inc.
inched 0.42% higher to $233.71 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 1.44% to 4,077.91 and the Dow Jones Industrial Average
rising 1.13% to 33,527.19. This was the stock’s second consecutive day of gains. Caterpillar Inc. closed $4.07 short of its 52-week high ($237.78), which the company reached on March 18th.
The stock underperformed when compared to some of its competitors Monday, as Deere & Co.
rose 0.72% to $374.81, General Electric Co.
rose 1.36% to $13.46, and Cummins Inc.
rose 1.47% to $261.52. Trading volume (2.3 M) remained 1.1 million below its 50-day average volume of 3.4 M.