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 $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 $1.11 million following the completion of this transaction.
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 January 13, 2025, Caterpillar Inc [CAT] has been rated up from an Underperform to an In-line and the price target has been revised to $365. Analysts at Evercore ISI downgraded the stock from ‘”an In-line”‘ to ‘”an Underperform”‘ outlook in a report released in mid November. As of October 14, 2024, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for CAT. Earlier on June 28, 2024, Raymond James initiated its rating. Their recommendation was “a Mkt perform” for CAT stock.
Analyzing CAT Stock Performance
During the last five days, there has been a surge of approximately 3.28%. Over the course of the year, Caterpillar Inc shares have jumped approximately 3.34%. Shares of the company reached a 52-week high of $379.94 on 01/15/25 and a 52-week low of $349.80 on 01/10/25. A 50-day SMA is recorded $382.03, while a 200-day SMA reached $360.19. Nevertheless, trading volume fell to 1.97 million shares from 2.33 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 372.83, which, if violated, would cause prices to drop to 370.78. In the upper region, resistance lies at 378.44. The next price resistance is at 382.00. RSI (Relative Strength Index) is 53.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.57, which suggests the price will increase in the coming days. Percent R is at 16.76%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
