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 $4,852,314 were purchased by De Lange Bob on Nov 07 ’24. At $383.37 per share, De Lange Bob acquired 12,657 shares.
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Also, Fassino Anthony D. sold 5,509 shares, netting a total of over 2,257,809 in proceeds. Following the sale of shares at $409.84 each, the insider now holds 33,442 shares.
Before that, DICKINSON DANIEL M had sold 1,300 shares from its account. In a trade valued at $543,400, the Director traded Caterpillar Inc shares for $418.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,300 shares, worth approximately $2.03 million.
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 surge of approximately 8.51%. Over the course of the year, Caterpillar Inc shares have jumped approximately 38.06%. Shares of the company reached a 52-week high of $418.50 on 11/07/24 and a 52-week low of $276.94 on 01/17/24. A 50-day SMA is recorded $375.97, while a 200-day SMA reached $348.92. Nevertheless, trading volume fell to 3.19 million shares from 4.72 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 404.33, which, if violated, would cause prices to drop to 400.46. In the upper region, resistance lies at 415.29. The next price resistance is at 422.38. RSI (Relative Strength Index) is 62.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.54, which suggests the price will increase in the coming days. Percent R is at 20.06%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
