If You Invested $1,000 in Caterpillar at the Market Bottom, Now It Would Be Worth $9,000
One of the most difficult parts of trading is timing the markets, although in a bull market this is less of a problem. But it can be particularly difficult calling the market bottom in the middle of a bear market.…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
One of the most difficult parts of trading is timing the markets, although in a bull market this is less of a problem. But it can be particularly difficult calling the market bottom in the middle of a bear market. 24/7 Wall St. is looking back to when the S&P 500 bottomed back in March 2009 to see how some of the major blue chips have fared since then.
Back on March 6, 2009, the S&P 500 bottomed out at 666.79, and from there began perhaps the biggest bull market of the modern era. At the most recent close, the S&P 500 was at 2,747.30, more than quadrupling its bottom nearly nine years ago.
So how does Caterpillar Inc. (NYSE: CAT) compare?
On an adjusted close basis, Caterpillar closed March 6, 2009, at $17.89 a share, or at $23.23 on an unadjusted basis. Caterpillar closed Tuesday at $161.26 on an adjusted basis.
[nativounit]
Caterpillar’s growth over this nine-year period was very impressive, with shares gaining just over 800%.
So if you had invested $1,000 in Caterpillar back then, you would have $9,013.97 as of Tuesday’s close.
Over the past 52 weeks, Caterpillar has outperformed the broad markets, with its shares up about 65%. However, in just 2018 alone, Caterpillar is up about 2%.
Shares of Caterpillar were last seen trading at $156.65, with a consensus analyst price target of $179.82 and a 52-week range of $90.34 to $173.24.
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
