In a filing, Caterpillar Inc revealed its Group President De Lange Bob unloaded Company’s shares for reported $5.19 million on Nov 07 ’24. In the deal valued at $410.25 per share,12,657 shares were sold. As a result of this transaction, De Lange Bob now holds 71,107 shares worth roughly $28.2 million.
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Then, De Lange Bob bought 12,657 shares, generating $4,852,314 in total proceeds.
Before that, Fassino Anthony D. sold 5,509 shares. Caterpillar Inc shares valued at $2,257,809 were divested by the Group President at a price of $409.84 per share. As a result of the transaction, Fassino Anthony D. now holds 33,442 shares, worth roughly $13.26 million.
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 jump 0.81% to $396.54. Over the last five days, the stock has gained 5.32%. Caterpillar Inc shares have risen nearly 34.12% since the year began. Nevertheless, the stocks have risen 69.35% over the past one year. While a 52-week high of $418.50 was reached on 11/07/24, a 52-week low of $233.82 was recorded on 01/17/24. SMA at 50 days reached $377.62, while 200 days put it at $349.87.
Levels Of Support And Resistance For CAT Stock
The 24-hour chart illustrates a support level at 393.67, which if violated will result in even more drops to 390.81. On the upside, there is a resistance level at 400.74. A further resistance level may holdings at 404.95. The Relative Strength Index (RSI) on the 14-day chart is 54.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.81%. Stochastics %K at 62.72% 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.
