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. The price target for Caterpillar, based on volume and open interest, ranges from $240 to $370. The current price of CAT is $277.89, up 1.23%. Several financial institutions have maintained their ratings on Caterpillar, with price targets ranging from $250 to $323. The next earnings are expected in 70 days.
August 17, 2023 | 4:45 pm
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Caterpillar has seen unusual options activity, with a majority of investors taking a bearish stance. The price targets range from $240 to $370. The current price is $277.89, up 1.23%. Several financial institutions have maintained their ratings on Caterpillar, with price targets ranging from $250 to $323.
The unusual options activity indicates that investors are taking positions based on their expectations of Caterpillar's future performance. The majority of these positions are bearish, suggesting that these investors expect the price of Caterpillar to decrease. However, several financial institutions have maintained their ratings on Caterpillar, indicating their belief in the company's strong performance. The next earnings report, expected in 70 days, could potentially influence the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100