Looking At Caterpillar's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity shows a bearish stance on Caterpillar (NYSE:CAT), with 63% of investors having bearish expectations. Whales have been targeting a price range of $192.5 to $220.0 for Caterpillar over the last 3 months. Analysts have mixed ratings on the stock, with price targets ranging from $180 to $279.
May 24, 2023 | 3:32 pm
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Bearish sentiment observed in recent unusual options activity for Caterpillar (NYSE:CAT). Whales target a price range of $192.5 to $220.0. Analysts have mixed ratings, with price targets ranging from $180 to $279.
The bearish sentiment observed in the recent unusual options activity indicates that a significant number of investors expect Caterpillar's stock price to decline. This, combined with the mixed analyst ratings and price targets, suggests that there is uncertainty surrounding the stock's future performance. As a result, the short-term impact on Caterpillar's stock price is likely to be negative.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100