Caterpillar Inc. Stock Falls Friday, Underperforms Market
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Shares of Caterpillar Inc. CAT slipped 1.10% to $192.64 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.22% to 3,674.84 and the Dow Jones Industrial Average DJIA falling 0.13% to 29,888.78. This was the stock's seventh consecutive day of losses. Caterpillar Inc. closed $45.26 below its 52-week high ($237.90), which the company achieved on April 21st.
The stock underperformed when compared to some of its competitors Friday, as Deere & Co. DE rose 1.62% to $322.72, General Electric Co. GE rose 1.09% to $66.00, and Cummins Inc. CMI rose 1.27% to $191.55. Trading volume (7.2 M) eclipsed its 50-day average volume of 3.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 17, 2022.
(END) Dow Jones Newswires
June 17, 2022 16:42 ET (20:42 GMT)
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