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 $33,859 were purchased by Johnson Gerald on Sep 04 ’24. At $338.59 per share, Johnson Gerald acquired 100 shares. The insider’s holdings grew to 2,842 shares worth approximately $1.1 million following the completion of this transaction.
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Also, Fassino Anthony D. sold 3,185 shares, netting a total of over 1,119,082 in proceeds. Following the sale of shares at $351.36 each, the insider now holds 33,442 shares.
Before that, Fassino Anthony D. had added 3,185 shares to its account. In a trade valued at $1,119,083, the Officer bought Caterpillar Inc. shares for $351.36 each.
As published in a research note from Morgan Stanley on October 14, 2024, Caterpillar Inc. [CAT] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $332 from $349. Analysts at Raymond James started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late June. As of June 26, 2024, Citigroup has initiated its “Buy” rating for CAT. Earlier on April 26, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for CAT stock.
Analyzing CAT Stock Performance
During the last five days, there has been a drop of approximately -1.88%. Over the course of the year, Caterpillar Inc. shares have jumped approximately 30.91%. Shares of the company reached a 52-week high of $403.60 on 10/11/24 and a 52-week low of $276.94 on 01/17/24. A 50-day SMA is recorded $367.52, while a 200-day SMA reached $343.89. Nevertheless, trading volume fell to 1.81 million shares from 1.5 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 383.40, which, if violated, would cause prices to drop to 379.74. In the upper region, resistance lies at 389.54. The next price resistance is at 392.02. RSI (Relative Strength Index) is 53.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.54, which suggests the price will decrease in the coming days. Percent R is at 77.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
