Caterpillar Inc’s recent filing unveils 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 $16.78 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 $12.47 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 Friday, Caterpillar Inc [NYSE:CAT] saw its stock fall -0.94% to $371.44. Over the last five days, the stock has lost -8.88%. Caterpillar Inc shares have risen nearly 2.39% since the year began. Nevertheless, the stocks have risen 21.88% over the past one year. While a 52-week high of $418.50 was reached on 01/23/25, a 52-week low of $299.93 was recorded on 01/10/25. SMA at 50 days reached $381.94, while 200 days put it at $361.34.
Levels Of Support And Resistance For CAT Stock
The 24-hour chart illustrates a support level at 369.15, which if violated will result in even more drops to 366.85. On the upside, there is a resistance level at 375.87. A further resistance level may holdings at 380.29. The Relative Strength Index (RSI) on the 14-day chart is 43.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.01%. Stochastics %K at 49.58% indicates the stock is a holding.
How much short interest is there in Caterpillar Inc?
A steep rise in short interest was recorded in Caterpillar Inc stocks on 2025-01-15, dropping by -0.33 million shares to a total of 8.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 8.66 million shares. There was a decline of -3.96%, which implies that there is a negative 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.
