Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Caterpillar Inc shares valued at $39,857 were purchased by Johnson Gerald on Dec 04 ’24. At $398.57 per share, Johnson Gerald acquired 100 shares. The insider’s holdings grew to 2,953 shares worth approximately $1.06 million following the completion of this transaction.
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Also, Fassino Anthony D. sold 6,279 shares, netting a total of over 2,565,537 in proceeds. Following the sale of shares at $408.59 each, the insider now holds 33,565 shares.
Before that, Fassino Anthony D. had added 6,279 shares to its account. In a trade valued at $2,565,536, the Officer bought Caterpillar Inc shares for $408.59 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 drop of approximately -5.36%. Over the course of the year, Caterpillar Inc shares have jumped approximately 21.88%. 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 $390.13, while a 200-day SMA reached $359.10. Nevertheless, trading volume fell to 2.61 million shares from 2.78 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 357.06, which, if violated, would cause prices to drop to 353.76. In the upper region, resistance lies at 366.62. The next price resistance is at 372.88. RSI (Relative Strength Index) is 28.12 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -19.60, which suggests the price will decrease in the coming days. Percent R is at 99.28%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
