Why Caterpillar Shares Are Moving Higher Today

Caterpillar Inc. CAT is trading higher Tuesday following the company’s announcement regarding its exhibit at the MINExpo 2024. Here’s what you need to know.

What To Know: Jim Umpleby, Chairman and CEO of Caterpillar, talked about the importance of their latest exhibit, which highlights the Cat Dynamic Energy Transfer system, the 798 AC mining truck, R1700 XE load-haul-dump loader, the Cat R1700 XE load-haul-dump, the Cat R2900 XE LHD and the PGS 1260 HD Energy Storage System.

Expo attendees can engage with Caterpillar's product lines with the available virtual reality experiences and the 3D-printed parts.

Recap of the Announcement

• MINExpo 2024: Caterpillar showcased its latest technologies and solutions aimed at helping mining customers transition toward cleaner, more efficient operations.
• Leadership in Energy Transition: Caterpillar’s focus on greenhouse gas reduction technologies and its expertise in autonomy and automation were prominent features of the exhibit.
• Global Presence: Caterpillar emphasized its global expertise and extensive dealer network.

CAT Price Action: Caterpillar shares were up by 3.77% at $385.16 according to Benzinga Pro.

See Also:

• Caitlin Long Says ‘Progressives Are Actually Big-Bank Corporatists’ As Republican Lawmakers Urge SEC To Repeal Crypto Accounting Rule

Image Via Shutterstock.