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Deere & Co. shares rise for third consecutive day, still short of 52-week high

© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect

Shares of Deere (NYSE:) & Co. saw a third consecutive day of gains on Tuesday, with a surge of 2.06% to close at $390.84 per piece in an overall positive market environment. This trend was in line with the broader market, as both the and also experienced increases, rising by 0.52% and 0.4% respectively.

Despite this upward trajectory, Deere & Co .’s shares are still trailing their 52-week high of $450, achieved on July 25, by $59.16 per share. The company’s trading volume of 1.3 million on Tuesday was lower than its average over the past 50 days, indicating a potential cautious sentiment among investors.

In the same industry, other competitors such as Caterpillar Inc (NYSE:)., CNH Industrial (NYSE:) N.V., and Toro Co., also witnessed increases in their stock values on Tuesday. This suggests that the sector as a whole is performing well in the current market environment, with multiple companies benefiting from the positive trends.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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