Caterpillar Inc. Stock Falls Monday, Underperforms Market
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Shares of Caterpillar Inc. (CAT) slipped 1.02% to $224.70 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.15% to 3,855.76 and Dow Jones Industrial Average falling 0.28% to 31,819.14. This was the stock's third consecutive day of losses. Caterpillar Inc. closed $41.34 below its 52-week high ($266.04), which the company reached on January 27th.
The stock underperformed when compared to some of its competitors Monday, as Deere & Co. (DE) rose 0.58% to $398.22. Trading volume (4.9 M) eclipsed its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 13, 2023.
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March 13, 2023 16:44 ET (20:44 GMT)
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