Caterpillar stock falls 20.8% as analysts split ahead of Q3 results
The gist
Caterpillar shares fell 20.8% from July 24 to October 22 while the S&P 500 gained 3.7%.
Analysts split between buy and hold ratings as the equipment maker reports third-quarter results.
How it unfolded
- Jul 24, 2026 to Oct 22, 2026Caterpillar stock fell 20.8% while the S&P 500 gained 3.7%.
- Aug 28, 2026CEO Joseph E. Creed sold 32,401 shares at an average price of $808.98, a total of about $26.2 million, cutting his direct position by 48.39%.
- Oct 23, 2026CAT traded at $704.05, which GuruFocus put 50.6% above its GF Value estimate of $467.50, flagging significant overvaluation; the stock was down 4.9%.