Caterpillar Inc. Stock Falls Friday, Underperforms Market
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Shares of Caterpillar Inc. (CAT) shed 5.79% to $227.01 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,861.59 and Dow Jones Industrial Average falling 1.07% to 31,909.64. This was the stock's second consecutive day of losses. Caterpillar Inc. closed $39.03 below its 52-week high ($266.04), which the company reached on January 27th.
Despite its losses, the stock outperformed some of its competitors Friday, as Deere & Co. (DE) fell 6.05% to $395.93. Trading volume (5.7 M) eclipsed its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.
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March 10, 2023 16:43 ET (21:43 GMT)
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