Looking At Caterpillar's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Caterpillar (NYSE:CAT) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $230.0 to $300.0 for Caterpillar over the last 3 months. The price of CAT is up 0.75% at $271.31. Several financial institutions have maintained their ratings on Caterpillar with varying price targets.
August 25, 2023 | 6:01 pm
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NEUTRAL IMPACT
Caterpillar has seen unusual options activity with a significant bearish stance taken by a large investor. The stock price is up 0.75% at $271.31. Several financial institutions have maintained their ratings on Caterpillar with varying price targets.
The unusual options activity indicates that a large investor is taking a bearish stance on Caterpillar. This could potentially impact the stock price in the short term. However, several financial institutions have maintained their ratings on Caterpillar, which could balance out the bearish sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100