Looking At Caterpillar's Recent Unusual Options Activity
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 bearish stance. Whales have been targeting a price range from $220.0 to $300.0 for Caterpillar over the last 3 months. The current price of CAT is $284.83, up 0.36%. Analysts from Wells Fargo, Baird, Barclays, Goldman Sachs, and B of A Securities have maintained their ratings on Caterpillar, with price targets ranging from $234 to $323.
August 11, 2023 | 5:46 pm
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NEUTRAL IMPACT
Caterpillar has seen unusual options activity, with a majority of investors taking a bearish stance. The current price of CAT is $284.83, up 0.36%. Analysts have maintained their ratings on Caterpillar, with price targets ranging from $234 to $323.
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 maintained their ratings, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100