On July 28, Caterpillar fell 3.14% in regular trading, trading at $835.85/share, with turnover of $676 million. The decline was driven by renewed pressure from noted investor Michael Burry increasing his short position and growing caution ahead of the upcoming quarterly earnings report.

On the news front, Burry disclosed on July 25 that he has maintained and added to his bearish bet on Caterpillar. His short thesis centers on the view that the stock's valuation has fully priced in AI infrastructure tailwinds, with its price-to-sales ratio climbing to a three-decade high. Since initiating the short at $1,060.98 in early July, the stock has now retreated over 21%. Meanwhile, the company is set to report Q2 earnings on August 4 before market open, with consensus estimates calling for revenue of $19.335 billion and adjusted EPS of $6.20, amplifying wait-and-see sentiment.

Within the Construction Machinery and Heavy Trucks sector, peer Cummins fell 3.83%, while the broader group showed mixed performance. Despite multiple Wall Street firms recently raising price targets — with Oppenheimer at $1,105, Citi at $1,100, and Baird at $1,200 — the divergence between institutional bullishness and market selling pressure remains pronounced.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)