Caterpillar Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Caterpillar (NYSE:CAT) through unusual options activity, with 66% of trades being bearish. The stock is currently trading at $340.62, down by 1.69%, and analysts have set an average target price of $360.0.
May 29, 2024 | 6:15 pm
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Caterpillar has seen significant bearish options activity, with 66% of trades being bearish. The stock is currently down by 1.69% at $340.62. Analysts have set an average target price of $360.0.
The significant bearish sentiment in the options market, with 66% of trades being bearish, suggests a negative outlook for Caterpillar in the short term. The stock's current decline of 1.69% further supports this sentiment. Analysts' average target price of $360.0 indicates some potential for recovery, but the immediate impact is likely negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100