Caterpillar (NYSE:CAT) has tumbled 0.13% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 8.67% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.07% and the outperformance has advanced to 7.68% for the last 4 weeks period.
Caterpillar (NYSE:CAT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.35 and $75.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.93, notching a gain of 1.25% for the day. The total traded volume was 5,442,037 . The stock had closed at $74.99 on the previous day.
The company shares have dropped -13.24% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $88.81 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $73.65 and the 200 Day Moving Average price is recorded at $70.34.
On the companys insider trading activities, Halverson Bradley M, officer (Group President & CFO) of Caterpillar Inc, unloaded 574 shares at an average price of $72.58 on May 31, 2016. The total amount of the transaction was worth $41,661, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Argus Research upgrades the rating on Caterpillar (NYSE:CAT). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The Analysts at the ratings agency announces the price target to $92 per share. The rating by the firm was issued on April 26, 2016. Currently 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 70.64% of Caterpillar shares. During last six month period, the net percent change held by insiders has seen a change of 88.45%.
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.