Overall market sentiment has been neutral on Caterpillar Inc. (CAT) stock lately. CAT receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.
Caterpillar Inc. has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on CAT!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CAT Stock Today?
Caterpillar Inc. (CAT) stock is trading at $185.31 as of 3:32 PM on Tuesday, Aug 9, a decline of -$0.50, or -0.27% from the previous closing price of $185.81. Volume today is less active than usual. So far 1,690,252 shares have traded compared to average volume of 3,004,431 shares. The stock has traded between $185.26 and $187.88 so far today.
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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 13% market share in 2021. 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 about 2,700 branches maintained by 160 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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