Caterpillar Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Caterpillar (NYSE:CAT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 100% bearish. The whales have been targeting a price range from $105.0 to $280.0 for Caterpillar over the last 3 months. Currently, the price of CAT is down -0.73% at $254.0. DA Davidson has downgraded its action to Neutral with a price target of $263.
July 14, 2023 | 3:16 pm
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A large investor has taken a bearish stance on Caterpillar, with unusual options activity indicating a 100% bearish sentiment. The price of CAT is currently down -0.73% at $254.0. DA Davidson has downgraded its action to Neutral with a price target of $263.
The bearish stance taken by a large investor, as indicated by unusual options activity, suggests a potential downward movement in the price of Caterpillar's stock. This is further supported by DA Davidson's downgrade to Neutral. The current price of CAT is already down -0.73%, which may be an early indication of this bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100