Cummins Inc. Stock Falls Friday, Still Outperforms Market

General Dynamics Corp

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Industrials : Aerospace & Defense | Large Cap Blend

Company profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions, and technology products and services. The Company’s segments include Aerospace, Marine Systems, Combat Systems and Technologies. The Aerospace segment produces business jets and the standard bearer in aircraft repair, support and completion services. The Marine Systems segment designs and builds nuclear-powered submarines and offers in surface combatants and auxiliary ship design and construction for the United States Navy. The Combat Systems segment manufactures land combat solutions, including wheeled and tracked combat vehicles, weapons systems and munitions. The Technologies segment provides a spectrum of services, technologies and products to market that seeks solutions combining electronic hardware with specialized software.

Cummins Inc. Stock Falls Friday, Still Outperforms Market

4:45 pm ET January 21, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Cummins Inc. (CMI) shed 1.48% to $223.36 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.89% to 4,397.94 and Dow Jones Industrial Average falling 1.30% to 34,265.37. This was the stock's fourth consecutive day of losses. Cummins Inc. closed $53.73 below its 52-week high ($277.09), which the company achieved on March 16th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Caterpillar Inc. (CAT) fell 1.17% to $214.09, General Electric Co. (GE) fell 1.98% to $96.30, and Paccar Inc. (PCAR) fell 0.80% to $91.56. Trading volume (971,446) remained 41,032 below its 50-day average volume of 1.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 21, 2022.

-MarketWatch Automation

(END) Dow Jones Newswires

January 21, 2022 16:45 ET (21:45 GMT)

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Cummins Inc. Stock Falls Friday, Still Outperforms Market