Large Outflow of Money Witnessed in Caterpillar

Caterpillar (CAT) : Net money flow in Caterpillar (CAT) was negative ($41.09 million) and the inflow of money on uptick was $130.21 million, whereas, the outflow of money on downticks amounted to $171.3 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.76. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $5.93 million. On the other hand, the total value of block trades done on downticks was $52.08 million. The ratio of uptick to downtick block trades was 0.11. The money flow in block trades was negative ($46.16). Caterpillar (CAT) gained $3.71 cent during the day and reached $86.59, a gain of 4.48% over the previous day.


Shares of Caterpillar Inc. rose by 3.74% in the last five trading days and 4.2% for the last 4 weeks. Caterpillar Inc. is up 17.77% in the last 3-month period. Year-to-Date the stock performance stands at 31.52%.

Caterpillar (CAT) : 2 brokerage houses believe that Caterpillar (CAT) is a Strong Buy at current levels. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Caterpillar (CAT). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Hold with a rating of 2.86.

Caterpillar (NYSE:CAT): The stock opened at $83.25 and touched an intraday high of $86.66 on Wednesday. During the day, the stock corrected to an intraday low of $83.135, however, the bulls stepped in and pushed the price higher to close in the green at $86.59 with a gain of 4.48% for the day. The total traded volume for the day was 9,497,041. The stock had closed at $82.88 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.