Caterpillar Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Caterpillar (NYSE:CAT), with a majority of investors taking a bearish stance. The trades have targeted a price range of $210.0 to $300.0 for Caterpillar over the last 3 months. The current price of CAT is up 0.6% at $245.72. Tigress Financial has maintained their Buy rating on Caterpillar with a price target of $282, while DA Davidson has downgraded its action to Neutral with a price target of $263.
June 30, 2023 | 3:46 pm
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Caterpillar has seen unusual options activity, with a majority of investors taking a bearish stance. The current price of CAT is up 0.6% at $245.72. Analysts have mixed opinions, with Tigress Financial maintaining a Buy rating and DA Davidson downgrading to Neutral.
The unusual options activity indicates that investors are taking a bearish stance on Caterpillar, which could potentially impact the stock price. However, the current price is up and analysts have mixed opinions, which makes the short term impact neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100