Caterpillar Inc’s filing revealed that its Officer Fassino Anthony D. acquired Company’s shares for reported $2.57 million on Nov 29 ’24. In the deal valued at $408.59 per share,6,279 shares were bought.
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Then, BONFIELD ANDREW R J sold 10,000 shares, generating $4,053,560 in total proceeds. Upon selling the shares at $405.36, the Chief Financial Officer now owns 55,182 shares.
Before that, Andrew Bonfield bought 20,000 shares. Caterpillar Inc shares valued at $7,949,800 were divested by the Officer at a price of $397.49 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 Friday, Caterpillar Inc [NYSE:CAT] saw its stock jump 0.60% to $406.11. Over the last five days, the stock has gained 4.24%. Caterpillar Inc shares have risen nearly 37.35% since the year began. Nevertheless, the stocks have risen 62.80% 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 $390.66, while 200 days put it at $354.98.
Levels Of Support And Resistance For CAT Stock
The 24-hour chart illustrates a support level at 403.68, which if violated will result in even more drops to 401.24. On the upside, there is a resistance level at 409.87. A further resistance level may holdings at 413.62. The Relative Strength Index (RSI) on the 14-day chart is 60.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.63%. Stochastics %K at 77.66% 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 2024-11-15, dropping by -2.06 million shares to a total of 9.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.81 million shares. There was a decline of -21.08%, 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.
