Cummins Inc. (CMI) Pops 2.77% for January 29

Equities Staff |

One of the S&P 500’s big winners for Friday January 29 was Cummins Inc. (CMI) as the company’s stock climbed 2.77% to $89.36 on volume of 1.58 million shares.

The stock opened at $87.04 and saw an intraday low of $87.04 and an intraday high of $89.62. All told, the day saw a per-share gain of $2.41. The stock’s average daily volume of 2.72 million and 177.62 million shares outstanding. Cummins Inc. now has a 50-day SMA is $90.00 and 200-day SMA is $114.94, and it has a 52-week high of $146.13 and a 52-week low of $79.88.

Cummins Inc designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products.

Based out of Columbus, IN, Cummins Inc. has 54,600 employees and, after today’s trading, reached a market cap of $15.87 billion. The stock’s P/E Ratio is 9.1. Its P/S ratio is 1.08, P/B ratio is 2.05, and P/FCF ratio is 207.7.

For a complete fundamental analysis analysis of Cummins Inc., check out Equities.com’s Stock Valuation Analysis report for CMI. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The S&P 500 represents the industry standard for large-cap indices. While the Dow Jones Industrial Average (DJIA) may be the most visible stock market index in the country, the S&P 500 has long been relied on by industry insiders and fund managers as the more reliable gauge of portfolio performance.

While the DJIA is price-weighted and only includes 30 stocks, the S&P 500 uses a weighting system that factors in market cap and the size of a company’s free float while including some 500 stocks for a more comprehensive look at the broader markets’ performance. Its performance is far more representative of the large- and mega-cap stocks for any period of time.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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