Large Inflow of Money Witnessed in Caterpillar

Caterpillar (CAT) : Thursdays money flow data in Caterpillar (CAT) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $38.75 million, whereas, $33.38 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.16, in favor of the bulls. The total money flow into the stock was $5.36 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $5.14 million. The total value of block trades done on upticks was $5.14 million. Caterpillar (CAT) fell $0.04 and traded at $74.79, down -0.05% for the day, over previous days close. On a weekly basis, the shares are -2.17% over the previous weeks close.


Caterpillar (CAT) : 11 investment research analysts covering Caterpillar (CAT) have an average price target of $70.82 for the near short term. The highest target price given by the Brokerage Firm to the stock is $92 and the lowest target is $52 for the short term. Analysts expect the variance to be within $10.62 of the average price. The stock has recorded a 20-day Moving Average of 0.44% and the 50-Day Moving Average is 1.2%.

Caterpillar (NYSE:CAT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.07 and $74.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.05, notching a gain of 0.29% for the day. The total traded volume was 3,080,886 . The stock had closed at $74.83 on the previous day.

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.

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