Caterpillar Inc.’s filing revealed that its Group President Fassino Anthony D. unloaded Company’s shares for reported $1.51 million on Feb 28 ’24. In the deal valued at $329.80 per share,4,575 shares were sold. As a result of this transaction, Fassino Anthony D. now holds 23,474 shares worth roughly $8.36 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, MacLennan David bought 350 shares, generating $113,180 in total proceeds. Upon buying the shares at $323.37, the Director now owns 5,238 shares.
Before that, Fassino Anthony D. sold 4,494 shares. Caterpillar Inc. shares valued at $1,446,888 were divested by the Group President at a price of $321.96 per share. As a result of the transaction, Fassino Anthony D. now holds 30,389 shares, worth roughly $10.82 million.
Truist initiated its Caterpillar Inc. [CAT] rating to a Buy in a research note published on March 14, 2024; the price target was $390. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “an In-line”. TD Cowen also remained covering CAT and reiterated its “an Outperform” recommendation on February 06, 2024. Morgan Stanley started covering the stock on January 08, 2024. It rated CAT as “an Equal-weight”.
Price Performance Review of CAT
On Monday, Caterpillar Inc. [NYSE:CAT] saw its stock fall -0.60% to $355.95. Over the last five days, the stock has gained 1.15%. Caterpillar Inc. shares have risen nearly 20.39% since the year began. Nevertheless, the stocks have risen 62.21% over the past one year. While a 52-week high of $365.52 was reached on 03/22/24, a 52-week low of $204.04 was recorded on 01/17/24. SMA at 50 days reached $321.73, while 200 days put it at $278.48. A total of 1.77 million shares were traded, compared to the trading of 2.05 million shares in the previous session.
Levels Of Support And Resistance For CAT Stock
The 24-hour chart illustrates a support level at 354.36, which if violated will result in even more drops to 352.78. On the upside, there is a resistance level at 358.20. A further resistance level may holdings at 360.46. The Relative Strength Index (RSI) on the 14-day chart is 67.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.16%. Stochastics %K at 82.71% indicates the stock is a selling.
How much short interest is there in Caterpillar Inc.?
A steep rise in short interest was recorded in Caterpillar Inc. stocks on Feb 29, 2024, growing by 6.0 million shares to a total of 13.91 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 7.91 million shares. There was a rise of 43.13%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.79% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.34.
The most recent change occurred on November 20, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $250 price target.
