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The Potential Rise in the Price of Caterpillar Inc (CAT) following insiders activity

Caterpillar Inc’s recently made public that its Officer Johnson Cheryl H acquired Company’s shares for reported $1.01 million on Nov 04 ’24. In the deal valued at $378.84 per share,2,664 shares were bought.

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Then, Schaupp William E sold 968 shares, generating $368,789 in total proceeds. Upon selling the shares at $380.98, the Chief Accounting Officer now owns 1,686 shares.

Before that, Schaupp William E bought 968 shares. Caterpillar Inc shares valued at $368,787 were divested by the Officer at a price of $380.98 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 -0.82% to $376.52. Over the last five days, the stock has lost -3.61%. Caterpillar Inc shares have risen nearly 27.34% since the year began. Nevertheless, the stocks have risen 57.46% over the past one year. While a 52-week high of $403.60 was reached on 10/11/24, a 52-week low of $232.88 was recorded on 01/17/24. SMA at 50 days reached $372.81, while 200 days put it at $347.22.

Levels Of Support And Resistance For CAT Stock

The 24-hour chart illustrates a support level at 374.05, which if violated will result in even more drops to 371.58. On the upside, there is a resistance level at 380.24. A further resistance level may holdings at 383.95. The Relative Strength Index (RSI) on the 14-day chart is 43.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.85%. Stochastics %K at 34.26% 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 2024-10-15, growing by 0.98 million shares to a total of 11.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.83 million shares. There was a rise of 8.31%, which implies that there is a positive sentiment for the stock.

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