Caterpillar Inc’s filing revealed that its Chief Financial Officer BONFIELD ANDREW R J unloaded Company’s shares for reported $3.8 million on Jan 16 ’25. In the deal valued at $380.09 per share,10,000 shares were sold. As a result of this transaction, BONFIELD ANDREW R J now holds 45,182 shares worth roughly $18.0 million.
Then, Johnson Gerald bought 100 shares, generating $39,857 in total proceeds. Upon buying the shares at $398.57, the Director now owns 2,953 shares.
Before that, Fassino Anthony D. sold 6,279 shares. Caterpillar Inc shares valued at $2,565,537 were divested by the Group President at a price of $408.59 per share. As a result of the transaction, Fassino Anthony D. now holds 33,565 shares, worth roughly $13.37 million.
Evercore ISI upgraded its Caterpillar Inc [CAT] rating to an In-line from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid November from “an In-line” to “an Underperform”. Morgan Stanley also remained covering CAT and has decreased its forecast on October 14, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Raymond James started covering the stock on June 28, 2024. It rated CAT as “a Mkt perform”.
Price Performance Review of CAT
On Tuesday, Caterpillar Inc [NYSE:CAT] saw its stock jump 3.20% to $398.36. Over the last five days, the stock has gained 9.89%. Caterpillar Inc shares have risen nearly 9.81% since the year began. Nevertheless, the stocks have risen 41.31% over the past one year. While a 52-week high of $418.50 was reached on 01/21/25, a 52-week low of $277.66 was recorded on 01/10/25. SMA at 50 days reached $382.53, while 200 days put it at $360.50.
Levels Of Support And Resistance For CAT Stock
The 24-hour chart illustrates a support level at 391.91, which if violated will result in even more drops to 385.47. On the upside, there is a resistance level at 403.69. A further resistance level may holdings at 409.03. The Relative Strength Index (RSI) on the 14-day chart is 68.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.00%. Stochastics %K at 95.85% indicates the stock is a selling.
How much short interest is there in Caterpillar Inc?
A steep rise in short interest was recorded in Caterpillar Inc stocks on 2024-12-31, growing by 0.17 million shares to a total of 9.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.88 million shares. There was a rise of 1.84%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 26, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $380 price target.
