Caterpillar Inc. Stock Outperforms Competitors Despite Losses On The Day
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Caterpillar Inc. CAT slid 4.88% to $178.67 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.95% to 3,795.73 and the Dow Jones Industrial Average DJIA rising 0.64% to 30,677.36. This was the stock's second consecutive day of losses. Caterpillar Inc. closed $59.23 below its 52-week high ($237.90), which the company achieved on April 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Deere & Co. DE fell 6.42% to $297.51, General Electric Co. GE fell 0.73% to $64.07, and Cummins Inc. CMI fell 4.12% to $185.89. Trading volume (6.6 M) eclipsed its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 23, 2022.
(END) Dow Jones Newswires
June 23, 2022 16:42 ET (20:42 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.