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 $1.11 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.
Morgan Stanley downgraded its Caterpillar Inc. [CAT] rating to an Underweight from a an Equal-weight in a research note published on October 14, 2024; the price target was decreased to $332 from $349. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late June with a ‘”a Mkt perform”‘ rating. Citigroup began covering CAT with “Buy” recommendation on June 26, 2024. TD Cowen maintained its rating on April 26, 2024. It rated CAT as “a Buy”.
Price Performance Review of CAT
On Monday, Caterpillar Inc. [NYSE:CAT] saw its stock fall -0.86% to $390.48. Over the last five days, the stock has lost -0.88%. Caterpillar Inc. shares have risen nearly 32.07% since the year began. Nevertheless, the stocks have risen 54.41% over the past one year. While a 52-week high of $403.60 was reached on 10/11/24, a 52-week low of $223.76 was recorded on 01/17/24. SMA at 50 days reached $364.54, while 200 days put it at $342.45.
Levels Of Support And Resistance For CAT Stock
The 24-hour chart illustrates a support level at 388.76, which if violated will result in even more drops to 387.05. On the upside, there is a resistance level at 392.67. A further resistance level may holdings at 394.87. The Relative Strength Index (RSI) on the 14-day chart is 56.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.97%. Stochastics %K at 43.17% indicates the stock is a holding.
How much short interest is there in Caterpillar Inc.?
A steep rise in short interest was recorded in Caterpillar Inc. stocks on 2024-09-30, growing by 1.65 million shares to a total of 11.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.1 million shares. There was a rise of 14.02%, which implies that there is a positive sentiment for the stock.
