Check Out What Whales Are Doing With CAT
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Caterpillar (NYSE:CAT), with 70% of the investors opening trades with bullish expectations. The whale has been targeting a price range from $260.0 to $310.0 for Caterpillar over the last 3 months. The price of CAT is currently down -0.37% at $279.9. RSI indicators suggest that the stock may be approaching overbought. The next earnings are expected to be released in 37 days.
September 19, 2023 | 4:16 pm
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A whale investor has taken a bullish stance on Caterpillar, with a majority of trades being bullish. The targeted price range is $260-$310 over the last 3 months. The stock is currently down -0.37% at $279.9.
The bullish stance taken by a whale investor indicates a positive outlook for Caterpillar. The targeted price range of $260-$310 suggests an expected increase in the stock price. However, the current price is down -0.37% at $279.9, which may be a temporary dip. The RSI indicators suggesting that the stock may be approaching overbought could mean that the stock is currently being heavily bought, which could lead to a price increase in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100