Caterpillar is a Peoria-IL-based diesel-electric
locomotives, industrial gas turbines, natural gas & diesel engines and
construction and mining equipment manufacturer. The company, which is
publically traded under the CAT Stock Symbol,
provides technology for various industries. Some of these include: electric
power generation, electronics, energy, transportation, financing, logistics,
forestry, construction and mining.
On Wednesday, Caterpillar Stock news reports showed that the recent increase in
gold stock was very short-lived. Bullion prices dropped dramatically to less
than $1,300, as other market news affected the stock negatively.
However, CAT Stock news also showed that the mining equipment manufacturers
stocks didn’t drop in response to the bullion market issues. Since precious
metals are doing so poorly in the market, most would expect businesses that
manufacture mining equipment to also do poorly. But, this is not the case when
it comes to Caterpillar Stock Prices.
CAT Stock Price Today
on the New York Stock Exchange is currently $104.59 per share. This $0.03 drop, or
0.03% decrease, since yesterday is nothing much compared to the company’s $107.40 52-week high. Although the 52-week
low is $80.86, Caterpillar shareholders
don’t seem to be worried. Its current average volume is 1,238,756.
Caterpillar says their market stability is related to their
new major restructuring plan. Their exposure to mining and construction
equipment gives them the ability to support the industry in positive ways. The
company’s new plan is expected to help cut costs for gold miners, making the
industry more profitable for all involved.
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