Shares of Deere & Co. DE inched 0.23% higher to $329.77 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. The stock's rise snapped a four-day losing streak. Deere & Co. closed $70.57 below its 52-week high ($400.34), which the company reached on May 10th.
The stock underperformed when compared to some of its competitors Thursday, as Caterpillar Inc. CAT rose 2.85% to $194.33, AGCO Corp. AGCO rose 1.60% to $127.29, and Kubota Corp. ADR KUBTY rose 2.25% to $103.28. Trading volume (2.4 M) eclipsed its 50-day average volume of 1.7 M.