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Stock Alert: Caterpillar Gains Nearly 5%

(RTTNews) – Caterpillar Inc. (CAT) shares are rising as U.S. major indices opened positive on Monday. Currently, the shares are at $112.89, up 4.61 percent from its previous close of $107.92.

After a slide for a brief period, the shares gapped open on Monday.

The weak demand at the time of coronavirus pandemic has been affecting the business of the equipment manufacturer. It’s April retail sales were down 22 percent and it had withdrawn guidance for 2020.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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