Caterpillar Inc. Stock Falls Thursday, Underperforms Market
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Shares of Caterpillar Inc. (CAT) slid 3.12% to $240.96 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.85% to 3,918.32 and Dow Jones Industrial Average falling 1.66% to 32,254.86. Caterpillar Inc. closed $25.08 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 Thursday, as Deere & Co. (DE) fell 0.68% to $421.42. Trading volume (2.5 M) remained 659,619 below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 9, 2023.
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March 09, 2023 16:43 ET (21:43 GMT)
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