Shares of Caterpillar Inc. CAT, -0.38% slumped 0.38% to $278.61 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.94% falling 0.94% to 4,402.20 and Dow Jones Industrial Average DJIA, -0.22% falling 0.22% to 34,440.88.
This was the stock’s second consecutive day of losses.
Caterpillar Inc. closed $15.27 short of its 52-week high ($293.88), which the company reached on August 2nd.
The stock underperformed when compared to some of its competitors Wednesday, as Deere & Co. DE, +0.91% rose 0.91% to $402.33.
Trading volume (2.4 M) remained 267,836 below its 50-day average volume of 2.6 M.