In the last decade, Caterpillar Inc. has seen some drastic shifts in its stock price. From one of the most consistent stocks on the market to one of the most volatile, what has been the story of Caterpillar's stock price? Let's take a look back at the Caterpillar stock price history of the last decade.
Caterpillar Stock Price History: 2010-2013
In 2010, Caterpillar's stock price opened up around $50 per share. This was a fairly consistent stock price, and it remained fairly close to this mark through the next few years. In 2011, the stock price began to fluctuate a bit, but it still remained relatively consistent. It eventually began to rise in 2012, and by the end of 2013, the stock price had increased to around $90 per share.
Caterpillar Stock Price History: 2014-2016
In 2014, the stock price began to rise steadily, eventually reaching a peak of around $120 per share. However, by 2015, the stock price had begun to decline, and it eventually fell to around $80 per share by the end of 2016. During this time, Caterpillar was dealing with declining demand for its products, which had an effect on its stock price.
Caterpillar Stock Price History: 2017-2019
In 2017, the stock price began to rise again, eventually reaching a peak of around $140 per share. This was largely due to the increasing demand for Caterpillar's products, which had been rising steadily in recent years. However, in 2018, the stock price began to decline again. This time, the decline was due to the increasing trade tensions between the US and China, as well as other countries.
Caterpillar Stock Price History: 2020-2023
In 2020, the stock price began to rise again, as demand for Caterpillar's products increased. However, the rise was short-lived, as the COVID-19 pandemic caused a sharp decline in the stock price. By the end of 2020, the stock price had fallen to around $90 per share. In 2021, the stock price began to rebound, and by the end of 2022, the stock price had risen to around $120 per share. As of 2023, the stock price is hovering around the $120 mark.
Conclusion
As we can see, the Caterpillar stock price has had its ups and downs in the last decade. The stock price has been affected by both internal and external factors, such as the demand for Caterpillar's products and the trade tensions between the US and China. Despite the volatility, Caterpillar's stock price has been relatively consistent over the long-term, and it looks like it will remain so for the foreseeable future.