Caterpillar Unusual Options Activity For June 27
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Caterpillar (NYSE:CAT), with a majority of investors taking a bullish stance. The trades indicate a target price range of $200 to $260 for Caterpillar over the next three months. The current price of CAT is up 1.58% at $240.69. DA Davidson has downgraded its action to Neutral with a price target of $263, while Tigress Financial maintains a Buy rating with a price target of $282.
June 27, 2023 | 8:31 pm
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Caterpillar has seen unusual options activity, with a majority of investors bullish. The target price range is $200-$260. Current price is up 1.58% at $240.69. DA Davidson downgraded to Neutral with a price target of $263, while Tigress Financial maintains a Buy rating with a price target of $282.
The bullish stance of majority investors, the target price range, and the current upward trend in price indicate a positive short-term impact on Caterpillar's stock. However, the downgrade by DA Davidson could potentially moderate this impact.
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