The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Caterpillar Inc shares valued at $3,800,900 were sold by BONFIELD ANDREW R J on Jan 16 ’25. At $380.09 per share, BONFIELD ANDREW R J sold 10,000 shares. The insider’s holdings dropped to 45,182 shares worth approximately $17.77 million following the completion of this transaction.
Also, Johnson Gerald purchased 100 shares, netting a total of over 39,857 in proceeds. Following the buying of shares at $398.57 each, the insider now holds 2,953 shares.
Before that, Fassino Anthony D. had sold 6,279 shares from its account. In a trade valued at $2,565,537, the Group President traded Caterpillar Inc shares for $408.59 each. Upon closing the transaction, the insider’s holdings decreased to 6,279 shares, worth approximately $13.2 million.
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 drop of approximately -1.10%. Over the course of the year, Caterpillar Inc shares have jumped approximately 8.40%. Shares of the company reached a 52-week high of $409.59 on 01/23/25 and a 52-week low of $349.80 on 01/10/25. A 50-day SMA is recorded $382.44, while a 200-day SMA reached $361.25. Nevertheless, trading volume fell to 2.55 million shares from 1.79 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 389.78, which, if violated, would cause prices to drop to 386.33. In the upper region, resistance lies at 398.02. The next price resistance is at 402.81. RSI (Relative Strength Index) is 57.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.83, which suggests the price will increase in the coming days. Percent R is at 27.36%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
