Check Out What Whales Are Doing With CAT
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Caterpillar (NYSE:CAT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 66% bullish and 33% bearish. The whales have been targeting a price range from $250.0 to $260.0 for Caterpillar over the last 3 months. The current price of CAT is $271.35, down by 0.63%.
September 25, 2023 | 3:02 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on Caterpillar, indicating potential positive movement in the short term. The targeted price range is below the current price, suggesting a possible correction.
The bullish stance taken by a large investor, as indicated by unusual options activity, suggests confidence in Caterpillar's performance. The targeted price range is below the current price, which could suggest a potential correction in the short term. However, the overall sentiment among these big-money traders is more bullish than bearish, indicating a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100