Caterpillar Rallies Despite Q3 Miss

Caterpillar Inc

shares are trading higher by $1.55 at $71.22 in Thursday's session. The gain includes the company going ex-dividend by $0.77 today. The rally is taking place despite a Q3 miss for EPS of $0.03 with slightly lower sales. Following a weaker open, it immediately bottomed at $67.81 and rallied as high as $72.83 before falling back under $72. The current high coincides with its October 7 high ($72.71).