Caterpillar Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Caterpillar Inc. CAT shed 2.11% to $183.48 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.27% to 31,029.31 and the S&P 500 Index SPX falling 0.07% to 3,818.83. This was the stock's second consecutive day of losses. Caterpillar Inc. closed $54.42 below its 52-week high ($237.90), which the company reached on April 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Deere & Co. DE fell 2.40% to $300.65, General Electric Co. GE fell 3.32% to $63.69, and Cummins Inc. CMI fell 1.18% to $193.75. Trading volume (2.4 M) remained 890,954 below its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 29, 2022.
(END) Dow Jones Newswires
June 29, 2022 16:42 ET (20:42 GMT)
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