Caterpillar Inc’s recently made public that its Director Johnson Gerald acquired Company’s shares for reported $39857.0 on Dec 04 ’24. In the deal valued at $398.57 per share,100 shares were bought. As a result of this transaction, Johnson Gerald now holds 2,953 shares worth roughly $1.04 million.
Then, Fassino Anthony D. sold 6,279 shares, generating $2,565,537 in total proceeds. Upon selling the shares at $408.59, the Group President now owns 33,565 shares.
Before that, Fassino Anthony D. bought 6,279 shares. Caterpillar Inc shares valued at $2,565,536 were divested by the Officer at a price of $408.59 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 fall -2.79% to $351.00. Over the last five days, the stock has lost -2.44%. Caterpillar Inc shares have fallen nearly -3.24% since the year began. Nevertheless, the stocks have risen 20.09% over the past one year. While a 52-week high of $418.50 was reached on 01/06/25, a 52-week low of $276.94 was recorded on 01/10/25. SMA at 50 days reached $382.71, while 200 days put it at $360.09.
Levels Of Support And Resistance For CAT Stock
The 24-hour chart illustrates a support level at 347.25, which if violated will result in even more drops to 343.50. On the upside, there is a resistance level at 357.30. A further resistance level may holdings at 363.60. The Relative Strength Index (RSI) on the 14-day chart is 27.60, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.47%. Stochastics %K at 12.52% indicates the stock is a buying.
How much short interest is there in Caterpillar Inc?
A steep rise in short interest was recorded in Caterpillar Inc stocks on 2024-12-13, dropping by -1.1 million shares to a total of 8.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 9.76 million shares. There was a decline of -12.7%, 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.
