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Updated · MarketWatch · Apr 30Deere & Co. stock underperforms rivals despite 5.33% gain
11 articles · Updated · MarketWatch · Apr 30
- The shares rose to $589.87 on Thursday, lagging Caterpillar's 9.88% jump and CNH Industrial's 6.25% gain, while Toro added 1.51%.
- The advance ended a two-day losing streak during a broad market rally that lifted the S&P 500 1.02% and the Dow Jones Industrial Average 1.62%.
- Even after Thursday's rebound, Deere closed 12.51% below its 52-week high of $674.19 reached on 19 February.
Deere’s stock is climbing despite weak farm income forecasts. Is this a tech-driven surge or a bubble about to burst? As Caterpillar profits from the AI boom, can Deere’s smart-farming tech deliver similar growth, or will it be left behind? With new autonomous tractors and a repair settlement, is Deere empowering farmers or tightening its technological control?