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Cat Stock Blog

Caterpillar Inc. (NYSE:CAT) stock news and links


Today’s close: down 99.%

Another of those “coulda been worse” days. While the rest of the markets took a tentative march into the green, Caterpillar remained stuck in the red, probably because of the lousy Cummins guidance, though there’s some comfort in the shares not having set a new 52-week low. Full quote at Yahoo Finance.

Indexes were all up: Dow, up 1.78%; Nasdaq, up 1.46%; S&P 500, up 1.58%

Cat’s been trading in a narrow band around $30 a share the past couple days and can’t seem to make up its mind where it wants to go, which seems odd in light of the 17.8 million shares traded. I have no sense of where things might be going, which is probably healthy because my senses tend to lie.

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Tom Mangan posted at 1:28 pm February 3rd, 2009 |

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