Caterpillar – Caterpillar Inc. stock rises Thursday, still underperforms market
Shares of Caterpillar Inc.
advanced 1.16% to $240.07 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 1.22% to 4,112.50 and the Dow Jones Industrial Average
rising 1.29% to 34,021.45. The stock’s rise snapped a two-day losing streak. Caterpillar Inc. closed $5.71 below its 52-week high ($245.78), which the company reached on May 10th.
The stock underperformed when compared to some of its competitors Thursday, as Deere & Co.
rose 1.20% to $378.11, General Electric Co.
rose 1.17% to $12.97, and Cummins Inc.
rose 2.04% to $262.93. Trading volume (2.2 M) remained 934,004 below its 50-day average volume of 3.2 M.