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A company insider recently sold 1,508 shares of Caterpillar Inc. [CAT]. Should You Sale?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Caterpillar Inc. shares valued at $512,720 were sold by Johnson Cheryl H on May 30 ’24. At $340.00 per share, Johnson Cheryl H sold 1,508 shares. The insider’s holdings dropped to 20,023 shares worth approximately $6.63 million following the completion of this transaction.

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Also, Johnson Gerald purchased 100 shares, netting a total of over 35,640 in proceeds. Following the buying of shares at $356.40 each, the insider now holds 2,213 shares.

Before that, De Lange Bob had sold 21,847 shares from its account. In a trade valued at $7,797,194, the Group President traded Caterpillar Inc. shares for $356.90 each. Upon closing the transaction, the insider’s holdings decreased to 21,847 shares, worth approximately $23.53 million.

As published in their initiating research note from Raymond James on June 28, 2024, Caterpillar Inc. [CAT] has been a Mkt perform. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of April 26, 2024, TD Cowen has reiterated its “Buy” rating for CAT. Earlier on April 26, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for CAT stock which previously was a “a Buy”.

Analyzing CAT Stock Performance

During the last five days, there has been a surge of approximately 1.28%. Over the course of the year, Caterpillar Inc. shares have jumped approximately 11.92%. Shares of the company reached a 52-week high of $382.01 on 04/08/24 and a 52-week low of $276.94 on 01/17/24. A 50-day SMA is recorded $339.43, while a 200-day SMA reached $307.11. Nevertheless, trading volume fell to 1.35 million shares from 2.12 million shares the previous day.

Support And Resistance Levels for Caterpillar Inc. (CAT)

According to the 24-hour chart, there is a support level at 328.78, which, if violated, would cause prices to drop to 326.94. In the upper region, resistance lies at 331.93. The next price resistance is at 333.24. RSI (Relative Strength Index) is 47.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.69, which suggests the price will increase in the coming days. Percent R is at 24.07%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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