Caterpillar Inc.’s recently made public that its Director MacLennan David acquired Company’s shares for reported $0.17 million on May 03 ’24. In the deal valued at $337.39 per share,500 shares were bought. As a result of this transaction, MacLennan David now holds 5,738 shares worth roughly $1.96 million.
Then, Fassino Anthony D. sold 4,575 shares, generating $1,508,835 in total proceeds. Upon selling the shares at $329.80, the Group President now owns 23,474 shares.
Before that, MacLennan David bought 350 shares. Caterpillar Inc. shares valued at $113,180 were divested by the Director at a price of $323.37 per share. As a result of the transaction, MacLennan David now holds 5,238 shares, worth roughly $1.79 million.
TD Cowen reiterated its Caterpillar Inc. [CAT] rating to a Buy in a research note published on April 26, 2024; the price target was $340. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in late April from “a Buy” to “a Hold”. Truist began covering CAT with “Buy” recommendation on March 14, 2024. Evercore ISI revised its rating on February 20, 2024. It rated CAT as “an In-line” which previously was an “an Outperform”.
Price Performance Review of CAT
On Monday, Caterpillar Inc. [NYSE:CAT] saw its stock jump 1.59% to $342.10. Over the last five days, the stock has lost -2.20%. Caterpillar Inc. shares have risen nearly 15.70% since the year began. Nevertheless, the stocks have risen 62.61% over the past one year. While a 52-week high of $382.01 was reached on 04/08/24, a 52-week low of $205.60 was recorded on 01/17/24. SMA at 50 days reached $351.40, while 200 days put it at $294.69. A total of 1.65 million shares were traded, compared to the trading of 1.98 million shares in the previous session.
Levels Of Support And Resistance For CAT Stock
The 24-hour chart illustrates a support level at 340.35, which if violated will result in even more drops to 338.60. On the upside, there is a resistance level at 343.20. A further resistance level may holdings at 344.30. The Relative Strength Index (RSI) on the 14-day chart is 44.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.98%. Stochastics %K at 21.99% indicates the stock is a holding.
The most recent change occurred on February 06, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $338.
