This Is What Whales Are Betting On Caterpillar
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Caterpillar (NYSE:CAT) through options trading, with 50% of trades being bearish. The predicted price range for CAT is between $290 and $420. Analysts have mixed ratings, with a consensus target price of $433.4.
October 18, 2024 | 5:01 pm
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Caterpillar has seen significant bearish options activity, with 50% of trades showing bearish sentiment. Analysts have mixed ratings, with a consensus target price of $433.4.
The article highlights a bearish sentiment among large investors in Caterpillar through options trading, with 50% of trades being bearish. This suggests a potential short-term downward pressure on the stock. Additionally, mixed analyst ratings with a consensus target price of $433.4 indicate uncertainty in the stock's direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100