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Shares of Cummins Inc. (CMI) sank 0.42% to $226.95 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.94% to 4,700.58 and Dow Jones Industrial Average falling 1.07% to 36,407.11. The stock's fall snapped a three-day winning streak. Cummins Inc. closed $50.14 short of its 52-week high ($277.09), which the company achieved on March 16th.
The stock underperformed when compared to some of its competitors Wednesday, as Caterpillar Inc. (CAT) rose 0.77% to $219.75, General Electric Co. (GE) remained unchanged, and Paccar Inc. (PCAR) rose 0.37% to $93.08. Trading volume (1.5 M) eclipsed its 50-day average volume of 962,400.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 5, 2022.
(END) Dow Jones Newswires
January 05, 2022 16:45 ET (21:45 GMT)
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