Check Out What Whales Are Doing With CAT
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Caterpillar (NYSE:CAT) by a large investor or institution, as indicated by a large position showing up in publicly available options history. The overall sentiment of these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $180.0 to $262.5 for Caterpillar over the last 3 months. The price of CAT is currently down -0.5% at $259.5.
October 06, 2023 | 3:46 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Caterpillar, indicating potential downward pressure on the stock.
The bearish stance taken by a large investor or institution, as indicated by the large position in options, suggests that there may be downward pressure on Caterpillar's stock in the short term. This is further supported by the overall sentiment of big-money traders, which is more bearish (64%) than bullish (35%).
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100