Caterpillar Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish 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 split between 52% bullish and 47% bearish. Whales have been targeting a price range from $140.0 to $290.0 for Caterpillar over the last 3 months. The price of CAT is up 1.88% at $281.65. Several financial institutions have maintained their ratings on Caterpillar, with price targets ranging from $250 to $334.
August 07, 2023 | 8:45 pm
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Unusual options activity indicates a bullish stance on Caterpillar. The sentiment among big-money traders is split between 52% bullish and 47% bearish. The price of CAT is up 1.88% at $281.65.
The unusual options activity and the bullish stance taken by a large investor indicate a potential positive impact on Caterpillar's stock. The sentiment among these traders is more bullish than bearish, which could drive the stock price up. Additionally, several financial institutions have maintained their ratings on Caterpillar, further supporting the stock's potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100