CAT up pre-market on earnings.

    Posted by frtaylor on 23rd of Apr 2015 at 08:47 am

    CAT up pre-market on earnings. Here's some interesting stats. Price should close around 89.50 based on average up move of 1.9% over pre-market.

    CAT is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in CAT indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.

    Last 12 Qtrs Positive Only Price Reactions:

    Percent of time added to extended-hours gains: 25%

    Over the prior three fiscal years (12 quarters), when shares of CAT rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 1.9%.Average next regular session additional gain: 1.9%

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!