Caterpillar (CAT) : Traders are bullish on Caterpillar (CAT) as it has outperformed the S&P 500 by a wide margin of 1.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.77%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.3% in the last 1 week, and is up 6.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.12% and the 50-Day Moving Average is 8.71%.
Caterpillar (NYSE:CAT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.49 and $80.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.70, notching a gain of 0.80% for the day. The total traded volume was 4,642,078 . The stock had closed at $80.06 on the previous day.
The company Insiders own 0.15% of Caterpillar shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 93.18% . Institutional Investors own 70.67% of Caterpillar shares. During last six month period, the net percent change held by insiders has seen a change of 88.45%. In a related news, The Securities and Exchange Commission has divulged that Halverson Bradley M, officer (Group President & CFO) of Caterpillar Inc, had unloaded 574 shares at an average price of $72.58 in a transaction dated on May 31, 2016. The total value of the transaction was worth $41,661.
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.