|Bid||272.50 x 900|
|Ask||273.37 x 800|
|Day's Range||271.36 - 279.55|
|52 Week Range||166.05 - 293.88|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||20.19|
|Earnings Date||Oct 25, 2023 - Oct 30, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||282.85|
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AGCO Corp (AGCO) to acquire an 85% interest in Trimble assets to accelerate its Precision Ag portfolio.
For all the excitement about tech stocks this year, an old-economy stock has powered the most gains in the Dow Jones Industrial Average over the past 12 months. The Dow Jones Industrial Average has rebounded 17.4% since last Sept. 30, when the blue-chip index closed at its lowest level since November 2020. The strongest performer over that period is manufacturing giant Caterpillar, which has added 732 points to the index, according to Dow Jones Market Data.
The On-Balance-Volume (OBV) line has drifted lower the past two months. The weekly trading volume histogram looks like it has slowed since March while the OBV line shows a rise to late July followed by a downward correction. In this daily Point and Figure chart of CAT, below, I can see that prices reached and exceeded an upside price target in the $255 area.