Caterpillar Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Caterpillar Inc. (CAT) advanced 1.24% to $255.31 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.61% to 4,045.64 and the Dow Jones Industrial Average rising 1.17% to 33,390.97. This was the stock's third consecutive day of gains. Caterpillar Inc. closed $10.73 short of its 52-week high ($266.04), which the company reached on January 27th.
The stock underperformed when compared to some of its competitors Friday, as Deere & Co. (DE) rose 2.12% to $430.28. Trading volume (2.3 M) remained 944,609 below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2023.
(END) Dow Jones Newswires
March 03, 2023 16:43 ET (21:43 GMT)
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