The market has been high on Caterpillar Inc. (CAT) stock recently. CAT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Caterpillar Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CAT!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With CAT Stock Today?
Caterpillar Inc. (CAT) stock is trading at $227.02 as of 1:39 PM on Friday, Jan 14, a decline of -$0.02, or -0.01% from the previous closing price of $227.04. Volume today is below average. So far 1,901,914 shares have traded compared to average volume of 2,959,451 shares. The stock has traded between $223.58 and $228.58 so far today.
More About Caterpillar Inc.
Caterpillar is an iconic manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 15% market share in 2020. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with over 2,000 branches maintained by 168 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
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