Cummins Inc. (CMI) (Q4FY23) – Atmus split – An uncertainty for shareholders

Highlights of the report

Accelera announced a joint venture with Daimler Trucks and Buses, PACCAR, and EVE Energy. This collaboration aims to accelerate and localize battery production and the battery supply chain in the United States.

Cummins (CMI) Equity Report Q4FY23

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Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide.

In Q4FY23, CMI’s cash and short term investments increased by 6.5% to $2.74bn from $2.57bn in Q4FY22 and the total inventory increased by 1.3% to $5.68bn from $5.6bn in the same period

Over the past 3 years, Cummins generated returns of -2% where the stock price surged from $273.13 in Mar 10, 2021 to $268.6 in Mar 08, 2024. The stock had a 200-Day Moving Average of $237.35 and a 50-Day Moving Average of $250.35. 



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Cummins Inc. (CMI) (Q4FY23) – Atmus split – An uncertainty for shareholders



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