Check Out What Whales Are Doing With CAT
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Caterpillar (NYSE:CAT), with 72% of the spotted trades being bearish. The trades include 6 puts amounting to $447,980 and 5 calls amounting to $338,960. The targeted price range for Caterpillar over the last 3 months is from $262.5 to $320.0. The current price of CAT is down -1.08% at $269.88, and RSI indicators suggest it may be approaching oversold. The next earnings are expected in 14 days.
October 12, 2023 | 6:22 pm
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NEGATIVE IMPACT
A whale investor has taken a bearish stance on Caterpillar. The targeted price range for Caterpillar over the last 3 months is from $262.5 to $320.0. The current price of CAT is down -1.08% at $269.88.
The bearish stance taken by a whale investor, along with the high percentage of bearish trades, suggests a negative outlook for Caterpillar. This, combined with the current price decrease and the approaching oversold status, indicates a potential short-term downward trend for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100