Shares of Caterpillar (CAT) Sees Large Inflow of Net Money Flow

Caterpillar (CAT) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $78.53 million worth of transactions were on upticks, whereas, the downticks accounted for $52.98 million worth of transactions. The net money flow was a positive $25.55 million and the uptick to downtick ratio was 1.48. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 3.74 in their favor. The net money flow into the stock was $20.24 million. The value of block trades done on downticks was only $7.38 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $27.62 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Caterpillar (CAT) was trading at $79.38, down $0.63 during day. The stock slid -0.79% over the previous days close. For the week, the stock recorded -1.64% over the previous weeks close.


Caterpillar (CAT) : 11 investment research analysts covering Caterpillar (CAT) have an average price target of $70.55 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 $10.11 of the average price.

Caterpillar (NYSE:CAT): On Fridays trading session , Opening price of the stock was $79.78 with an intraday high of $79.79. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $78.86. However, the stock managed to close at $79.38, a loss of 0.79% for the day. On the previous day, the stock had closed at $80.01. The total traded volume of the day was 4,133,834 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Group President & CFO) of Caterpillar Inc, Halverson Bradley M had sold 574 shares worth of $41,661 in a transaction dated May 31, 2016. In this transaction, 574 shares were sold at $72.58 per share.

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.

Leave a Reply

Get Pre-Market Alerts!

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