Caterpillar Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Caterpillar Inc. (CAT) rose 1.05% to $248.72 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.14% to 3,992.01 and the Dow Jones Industrial Average falling 0.18% to 32,798.40. The stock's rise snapped a two-day losing streak. Caterpillar Inc. closed $17.32 below its 52-week high ($266.04), which the company reached on January 27th.
The stock underperformed when compared to some of its competitors Wednesday, as Deere & Co. (DE) rose 1.47% to $424.29. Trading volume (2.1 M) remained 1.1 million below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 8, 2023.
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March 08, 2023 16:43 ET (21:43 GMT)
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