Looking At Caterpillar's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Caterpillar (NYSE:CAT) as indicated by unusual options activity. The sentiment among big-money traders is split between 18% bullish and 81% bearish. Whales have been targeting a price range from $200.0 to $270.0 for Caterpillar over the last 3 months. Goldman Sachs and JP Morgan have maintained their Buy and Overweight ratings on Caterpillar, respectively, with price targets of $274 and $320.
November 01, 2023 | 3:17 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Caterpillar. The sentiment among big-money traders is 81% bearish. However, Goldman Sachs and JP Morgan have maintained their positive ratings on Caterpillar.
The unusual options activity, with a majority being bearish, indicates that big-money traders expect Caterpillar's stock price to decrease. However, the positive ratings from Goldman Sachs and JP Morgan could potentially counteract this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100