What the Options Market Tells Us About Caterpillar
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Caterpillar (NYSE:CAT) as revealed by Benzinga's options scanner. The majority of options activity is bearish, with significant trades indicating a price range of $300 to $360. The current stock price is $352.68, down 0.29%, with RSI indicators suggesting it may be overbought.
September 18, 2024 | 2:17 pm
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Caterpillar (NYSE:CAT) is experiencing significant bearish sentiment from investors, as indicated by options market activity. The stock is currently priced at $352.68, down 0.29%, with a potential price range of $300 to $360. RSI indicators suggest it may be overbought.
The options market shows a significant bearish sentiment towards Caterpillar, with 70% of the activity being bearish. This suggests that investors expect the stock price to decline. The current stock price is $352.68, and the predicted price range is $300 to $360, indicating potential downside. Additionally, RSI indicators suggest the stock may be overbought, further supporting a bearish outlook.
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