July 26, 2016 - 7:13 PM EDT
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Industrial Goods Bolstered by 1.63% Advance for Caterpillar Inc. (CAT) in Early Trading on July 26

Caterpillar Inc. (CAT) is one of the best performing stocks in the industrial goods sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on July 26. Shares of CAT have climbed 1.63% about 30 minutes into the session to $79.97 after closing the day prior at $78.69. It’s early, but the stock has traded as high as $80.0 and as low as $78.74 so far. Today's quick advance has come with about 964,218 shares changing hands, compared to an average 30-day volume of 4.79 million for Caterpillar Inc.. The price is currently below the 30-day volume weighted average price of $79.32 for CAT. The share appreciation gives the company a market capitalization of $45.94 billion based upon 583.87 million shares outstanding. It also means that CAT has a price-to-book ratio of 2.93:1 and a price-to-earnings ratio of 37.1:1. In the past 52 weeks, shares of CAT have traded as low as $56.36 and as high as $81.375. Technical traders will take note that at $79.97, shares of CAT are trading above their 200-day MA at $69.94 and above their 50-day MA at $74.61. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish. Who is CAT? Caterpillar Inc manufactures construction & mining equipment, diesel & natural gas engines, industrial gas turbines and diesel-electric locomotives. Its business segments are Construction Industries, Resource Industries and Energy & Transportation. The company’s 105700 employees are led by CEO Douglas R. Oberhelman from the corporate headquarters at . For more information on CAT and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (July 26, 2016 - 7:13 PM EDT)

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