Large Inflow of Money Detected in Caterpillar

Caterpillar (CAT) : Investors lapped up stocks on upticks to the tune of $67.49 million in the Wednesdays trading session. The trading value on downticks was comparatively at $63.62 million and the uptick to downtick ratio of 1.06 indicates continuous buying by the bulls. The net money flow into the stock was $3.87 million. The block trades were dominated by the bulls with a healthy 1.26, uptick to downtick ratio. Only $16.16 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $20.35 clearly indicating buying by large investors. The total money flow for block trades stood at $4.19 million, which is a positive for the stock in the long-term. Caterpillar (CAT) fell $0.05 during the day at $79.69, a drop of -0.06% over the previous days close. However, for the week, the stock is -1.25%, compared to the previous week.


Also, Equity Analysts at the Brokerage Firm, Argus Research, upgrades their rating on the shares of Caterpillar (NYSE:CAT). Argus Research has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest report, the brokerage house announces the price target to $92 per share. The rating by the firm was issued on April 26, 2016.

Caterpillar (NYSE:CAT): The stock opened at $79.45 on Wednesday but the bulls could not build on the opening and the stock topped out at $79.86 for the day. The stock traded down to $78.93 during the day, due to lack of any buying support eventually closed down at $79.69 with a loss of -0.06% for the day. The stock had closed at $79.74 on the previous day. The total traded volume was 4,185,481 shares.

The stock has recorded a 20-day Moving Average of 4.81% and the 50-Day Moving Average is 7.76%. 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.

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