Caterpillar Unusual Options Activity For August 29
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Caterpillar (NYSE:CAT), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 60% bullish and 39% bearish. The targeted price range for Caterpillar over the last 3 months is from $270.0 to $310.0. Major financial institutions including Wells Fargo, JP Morgan, Goldman Sachs, B of A Securities, and Credit Suisse have maintained their positive ratings on Caterpillar, with price targets ranging from $285 to $334.
August 29, 2023 | 2:46 pm
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Caterpillar has seen unusual options activity, with a large bullish position. The sentiment among these traders is 60% bullish. Major financial institutions have maintained their positive ratings on Caterpillar, with price targets ranging from $285 to $334.
The unusual options activity, particularly the large bullish position, indicates that some investors expect Caterpillar's stock price to rise. This is further supported by the positive ratings and high price targets set by major financial institutions, which suggest a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100