Caterpillar Unusual Options Activity For November 06
Portfolio Pulse from Benzinga Insights
A significant bearish 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 45% bullish and 54% bearish. The whales have been targeting a price range from $210.0 to $300.0 for Caterpillar over the last 3 months. Goldman Sachs and JP Morgan have maintained their Buy and Overweight ratings on Caterpillar, with price targets of $274 and $320 respectively.
November 06, 2023 | 4:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Caterpillar. The sentiment among big-money traders is split, with a slight lean towards bearish. Price targets from Goldman Sachs and JP Morgan are $274 and $320 respectively.
The unusual options activity, with a bearish lean, indicates that large investors are expecting a potential drop in Caterpillar's stock price. However, the maintained positive ratings and high price targets from Goldman Sachs and JP Morgan suggest confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100