Caterpillar (CAT) has risen sharply, recording gains of 6.71% in the past 4 weeks. However, the stock has corrected -0.24% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Caterpillar (NYSE:CAT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.22 and $82.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.56, notching a gain of 0.97% for the day. The total traded volume was 3,286,094 . The stock had closed at $81.77 on the previous day.
The stock has recorded a 20-day Moving Average of 2.7% and the 50-Day Moving Average is 7.72%. Caterpillar Inc. is up 13.63% in the last 3-month period. Year-to-Date the stock performance stands at 25.4%.
Caterpillar (CAT) : Currently there are 11 street experts covering Caterpillar (CAT) stock. The most bullish and bearish price target for the stock is $92 and $52 respectively for the short term. The average price target of all the analysts comes to $73.36. The estimated standard deviation from the target is $11.11.
Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment. It offers its products under the brand names Caterpillar, CAT, design versions of CAT and Caterpillar, Electro-Motive, FG Wilson, MaK, MWM, Perkins, Progress Rail, SEM and Solar Turbines. It operates parts distribution centers at various locations, including Morton, Illinois; Arvin, California; Denver, Colorado; Miami, Florida; Atlanta, Georgia; St. Paul, Minnesota, and Dubai, United Arab Emirates, among others. Its subsidiaries include Caterpillar Life Insurance Company, Cat Financial and Caterpillar Product Services Corporation (CPSC), among others.