Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Caterpillar Inc shares valued at $5,192,561 were sold by De Lange Bob on Nov 07 ’24. At $410.25 per share, De Lange Bob sold 12,657 shares. The insider’s holdings dropped to 71,107 shares worth approximately $27.54 million following the completion of this transaction.
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Also, De Lange Bob purchased 12,657 shares, netting a total of over 4,852,314 in proceeds.
Before that, Fassino Anthony D. had sold 5,509 shares from its account. In a trade valued at $2,257,809, the Group President traded Caterpillar Inc shares for $409.84 each. Upon closing the transaction, the insider’s holdings decreased to 5,509 shares, worth approximately $12.95 million.
As published in a research note from Evercore ISI on November 13, 2024, Caterpillar Inc [CAT] has been rated down from an In-line to an Underperform and the price target has been revised to $365 from $321. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid October. As of June 28, 2024, Raymond James has initiated its “Mkt perform” rating for CAT. Earlier on June 26, 2024, Citigroup initiated 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 -5.11%. Over the course of the year, Caterpillar Inc shares have jumped approximately 31.01%. 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 $380.75, while a 200-day SMA reached $351.17. Nevertheless, trading volume fell to 1.37 million shares from 2.0 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 385.65, which, if violated, would cause prices to drop to 383.94. In the upper region, resistance lies at 389.62. The next price resistance is at 391.88. RSI (Relative Strength Index) is 49.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 60.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
