In a filing, Caterpillar Inc revealed its Director SCHWAB SUSAN C unloaded Company’s shares for reported $766.0 on Nov 15 ’24. In the deal valued at $383.20 per share,2 shares were sold. As a result of this transaction, SCHWAB SUSAN C now holds 10,846 shares worth roughly $4.17 million.
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Then, De Lange Bob sold 12,657 shares, generating $5,192,561 in total proceeds. Upon selling the shares at $410.25, the Group President now owns 71,107 shares.
Before that, De Lange Bob bought 12,657 shares. Caterpillar Inc shares valued at $4,852,314 were divested by the Officer at a price of $383.37 per share.
Evercore ISI downgraded its Caterpillar Inc [CAT] rating to an Underperform from a an In-line in a research note published on November 13, 2024; the price target was increased to $365 from $321. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid October from “an Equal-weight” to “an Underweight”. Raymond James began covering CAT with “Mkt perform” recommendation on June 28, 2024. Citigroup started covering the stock on June 26, 2024. It rated CAT as “a Buy”.
Price Performance Review of CAT
On Monday, Caterpillar Inc [NYSE:CAT] saw its stock jump 0.10% to $384.46. Over the last five days, the stock has lost -3.05%. Caterpillar Inc shares have risen nearly 30.03% since the year began. Nevertheless, the stocks have risen 54.89% over the past one year. While a 52-week high of $418.50 was reached on 11/07/24, a 52-week low of $241.81 was recorded on 01/17/24. SMA at 50 days reached $382.86, while 200 days put it at $351.90.
Levels Of Support And Resistance For CAT Stock
The 24-hour chart illustrates a support level at 382.82, which if violated will result in even more drops to 381.18. On the upside, there is a resistance level at 386.20. A further resistance level may holdings at 387.94. The Relative Strength Index (RSI) on the 14-day chart is 47.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.35%. Stochastics %K at 35.28% 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 2024-10-31, dropping by -1.16 million shares to a total of 10.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.75 million shares. There was a decline of -10.98%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 26, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $340.
