In a filing, Caterpillar Inc revealed its Officer Andrew Bonfield acquired Company’s shares for reported $7.95 million on Nov 25 ’24. In the deal valued at $397.49 per share,20,000 shares were bought.
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Then, SCHWAB SUSAN C sold 2 shares, generating $766 in total proceeds. Upon selling the shares at $383.20, the Director now owns 10,846 shares.
Before that, De Lange Bob sold 12,657 shares. Caterpillar Inc shares valued at $5,192,561 were divested by the Group President at a price of $410.25 per share. As a result of the transaction, De Lange Bob now holds 71,107 shares, worth roughly $28.84 million.
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 2.05% to $405.65. Over the last five days, the stock has gained 5.51%. Caterpillar Inc shares have risen nearly 37.20% since the year began. Nevertheless, the stocks have risen 63.99% over the past one year. While a 52-week high of $418.50 was reached on 11/07/24, a 52-week low of $246.01 was recorded on 01/17/24. SMA at 50 days reached $387.95, while 200 days put it at $353.64.
Levels Of Support And Resistance For CAT Stock
The 24-hour chart illustrates a support level at 401.38, which if violated will result in even more drops to 397.12. On the upside, there is a resistance level at 408.53. A further resistance level may holdings at 411.42. The Relative Strength Index (RSI) on the 14-day chart is 61.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.75%. Stochastics %K at 50.77% 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.
