There are people who make decisions and move money on the stock market, called whales. In the last few days, whales have started buying shares in a big machinery company called Caterpillar. When people who have a lot of money buy a lot of shares, it usually means they think the company is going to do well in the future. So, they might have reason to believe that the company's stock price will go up, and they want to buy now before the stock price goes up even more. If you were to buy a stock, you would want to buy low and sell high. These whales think they can make money buying Caterpillar stock right now.
This is a big deal because these whales have bought so many shares that it's more than what people usually buy. It shows that they have a lot of confidence in the company and could potentially influence other people to buy the stock too.
Other people who make decisions about where to invest their money are also looking at this company and think the stock price will go up. They've set a target price of $433.40 for the stock, which is higher than where it is right now. This means they think the stock price will go up over time.
All this is based on some complex math and charts that look at how much the stock price has changed in the past, how much people are buying and selling the stock, and other things that might affect the company's stock price.
In simple terms, a lot of big investors think that buying Caterpillar stock is a good idea right now, and they could be right.
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from marketscreener.com
Caterpillar, Inc. (CAT) - Stock Price, News, Quote & History - Fidelity
Caterpillar, Inc. (Caterpillar) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its segments include Construction Industries, Resource Industries, Energy & Transportation, and Financial Products. The Construction Industries segment supports customers using machinery in infrastructure and building construction applications. The Resource Industries segment is focused on supporting customers using machinery in mining and quarrying applications. The Energy