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 $766 were sold by SCHWAB SUSAN C on Nov 15 ’24. At $383.20 per share, SCHWAB SUSAN C sold 2 shares. The insider’s holdings dropped to 10,846 shares worth approximately $4.23 million following the completion of this transaction.
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Also, De Lange Bob sold 12,657 shares, netting a total of over 5,192,561 in proceeds. Following the sale of shares at $410.25 each, the insider now holds 71,107 shares.
Before that, De Lange Bob had added 12,657 shares to its account. In a trade valued at $4,852,314, the Officer bought Caterpillar Inc shares for $383.37 each.
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 surge of approximately 0.58%. Over the course of the year, Caterpillar Inc shares have jumped approximately 31.77%. 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 $385.75, while a 200-day SMA reached $352.82. Nevertheless, trading volume fell to 1.83 million shares from 1.86 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 381.72, which, if violated, would cause prices to drop to 373.85. In the upper region, resistance lies at 394.74. The next price resistance is at 399.89. RSI (Relative Strength Index) is 51.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.83, which suggests the price will decrease in the coming days. Percent R is at 66.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
