In a filing, Caterpillar Inc. revealed its Director Johnson Gerald acquired Company’s shares for reported $33859.0 on Sep 04 ’24. In the deal valued at $338.59 per share,100 shares were bought. As a result of this transaction, Johnson Gerald now holds 2,842 shares worth roughly $1.13 million.
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Then, Fassino Anthony D. sold 3,185 shares, generating $1,119,082 in total proceeds. Upon selling the shares at $351.36, the Group President now owns 33,442 shares.
Before that, Fassino Anthony D. bought 3,185 shares. Caterpillar Inc. shares valued at $1,119,083 were divested by the Officer at a price of $351.36 per share.
Raymond James initiated its Caterpillar Inc. [CAT] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. TD Cowen also remained covering CAT and reiterated its “Buy” recommendation on April 26, 2024. Stifel revised its rating on April 26, 2024. It rated CAT as “a Hold” which previously was an “a Buy”.
Price Performance Review of CAT
On Monday, Caterpillar Inc. [NYSE:CAT] saw its stock jump 0.29% to $398.25. Over the last five days, the stock has gained 1.82%. Caterpillar Inc. shares have risen nearly 34.69% since the year began. Nevertheless, the stocks have risen 52.70% over the past one year. While a 52-week high of $397.46 was reached on 10/07/24, a 52-week low of $223.76 was recorded on 01/17/24. SMA at 50 days reached $352.36, while 200 days put it at $337.36.
Levels Of Support And Resistance For CAT Stock
The 24-hour chart illustrates a support level at 395.87, which if violated will result in even more drops to 393.49. On the upside, there is a resistance level at 400.90. A further resistance level may holdings at 403.55. The Relative Strength Index (RSI) on the 14-day chart is 73.45, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.98%. Stochastics %K at 93.89% 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 2024-09-13, dropping by 12960.0 shares to a total of 10.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.84 million shares. There was a decline of -0.12%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $390 price target.
