Caterpillar Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Caterpillar Inc. (CAT) slid 3.09% to $246.14 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.53% to 3,986.37 and Dow Jones Industrial Average falling 1.72% to 32,856.46. This was the stock's second consecutive day of losses. Caterpillar Inc. closed $19.90 short of its 52-week high ($266.04), which the company achieved on January 27th.
The stock underperformed when compared to some of its competitors Tuesday, as Deere & Co. (DE) fell 1.78% to $418.15. Trading volume (3.0 M) remained 207,172 below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 7, 2023.
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March 07, 2023 16:43 ET (21:43 GMT)
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