Caterpillar Inc. (NYSE:CAT) Launch Of Two New Products in India, Gearing Up To Meet An Expected Demand

Caterpillar Inc. (NYSE:CAT) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.23% to 93.52 with around 395022 shares have changed hands in this session. Construction equipment major, Caterpillar (CAT) reported that launch of two new products in India, gearing up to meet an expected demand, especially from the road construction section.

The company launched its new Cat 320D2 GC Hydraulic Excavator and 950L Wheel Loader to add to its portfolio in these sections in the Indian market. With the government of India’s focus on construction projects especially in the road and highway sectors, it is expected that the introduction of these products will help consumers to meet the growing demand, enabling faster and more efficient implementation of their projects, the company said in a statement. The stock is going forward its fifty-two week low with 70.82% and lagging behind from its 52-week high price with -3.89%.

Similar, the positive performance for the quarter recorded as 15.28% and for the year was 46.24%, while the YTD performance remained at 43.64%. CAT has Average True Range for 14 days of 1.99.

Shares of Castlight Health,  (NYSE:CSLT) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of -1.08% to close at $4.60. Castlight Health,  (NYSE:CSLT) declared that leading global insurance brokerage HUB International has selected Castlight as a strategic partner to provide cost-saving technology solutions for its clients. Castlight will offer HUB’s clients a best-in-class health benefits platform to help their employees with all of their health and benefits information, receive customized cost and quality decision support, and assist them in making informed healthcare decisions.

“HUB International is proud to collaborate with Castlight Health and believes its health benefits platform will make a real difference on one of the biggest expenses our clients face: healthcare,” said Lerone Sidberry, president and employee benefits practice leader, US North & US Central Regions, HUB International. “As a global insurance brokerage and consulting firm, HUB’s mission to manage healthcare costs is supported by several strategic alliances that have proven track records among large employers, and Castlight Health will add important value to our mission and our clients.” Moving forward to saw long-term intention, the experts calculate Return on Investment of -67.80%. The stock is going forward its fifty-two week low with 81.10% and lagging behind from its 52-week high price with -10.68%. CSLT last month stock price volatility remained 5.88%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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