Caterpillar Inc. (CAT) shares gained 8.85% today (2023-08-01). Is it the right time to buy?

What’s happening at Caterpillar Inc. (NYSE:CAT)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 8.85% (or 23.48 points) to $288.65 from its previous close of $265.17. So is it the right moment to buy?
Read more: Caterpillar Inc. (CAT) shares gained 8.85% today (2023-08-01). Is it the right time to buy?