Caterpillar shares fell more than 3% on May 15. This decline contributed to a significant drop in the Dow Jones Industrial Average.
Investors cited overvaluation concerns following a period of strong performance. Multiple executives sold company shares between May 11 and May 13.
The Resource Industries segment reported a 39% decrease in operating profit for the first quarter of 2026. A high price-to-earnings ratio further dampened market sentiment.
Broader pressures weighed on the stock, including ongoing tariff impacts. The Industrial Goods sector also faced a general downturn during this period.