Caterpillar Stock Plunges Amid Ongoing Selling Pressure

Caterpillar's stock has been trading under pressure, currently priced at $840.81, down 3.21% on the day.

The company reported its highest-ever quarterly revenues above $20 billion with a record $72 billion order backlog and significant AI data center growth.

Half-year capital expenditures rose 15% to $2.16 billion, and Caterpillar is committing up to $3 million for workforce training expansion in Arkansas.

Shares of Caterpillar trade below key moving averages with continued downward momentum, projected to fluctuate between $835.72 and $892.33 in the coming days.