Caterpillar Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Caterpillar Inc. CAT slid 4.35% to $187.83 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA falling 0.15% to 30,483.13. Caterpillar Inc. closed $50.07 short of its 52-week high ($237.90), which the company reached on April 21st.
The stock underperformed when compared to some of its competitors Wednesday, as Deere & Co. DE fell 3.44% to $317.93, General Electric Co. GE fell 1.84% to $64.54, and Cummins Inc. CMI fell 1.18% to $193.87. Trading volume (4.0 M) eclipsed its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 22, 2022.
(END) Dow Jones Newswires
June 22, 2022 16:42 ET (20:42 GMT)
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