🔴 CAT is trading 3.2% down today on overvaluation concerns and insider selling

CAT is trading 3.2% down at $860.37 as the stock extends last week’s decline amid mounting overvaluation concerns and recent insider selling.

• The move appears to be a continuation of the selling pressure triggered on May 15, with no fresh company-specific headlines reported today.
• Investors are increasingly focused on Caterpillar’s rich valuation relative to DCF-based intrinsic value estimates, which currently sit between $373 and $531 per share.