On July 17, Caterpillar fell 4.04% in regular trading, trading at $853.025/share, with turnover of $456 million. The stock extended its steep pullback from recent highs, with the Construction Machinery & Heavy Trucks sector broadly under pressure.

On the news front, since legendary investor Michael Burry established a short position at $1,060.98 on July 1, citing overvaluation amid the AI infrastructure rally, Caterpillar has plunged over 19% from its peak. Burry argued that the stock's price-to-sales ratio had climbed to a three-decade high, with the current share price fully pricing in AI-driven power equipment growth expectations. Despite Oppenheimer raising its target to $1,105, Citi to $1,100, and Bernstein to $1,002 in recent weeks, the stock has continued to decline, reflecting a stark divergence between institutional bullishness and market selling pressure.

Within the Construction Machinery & Heavy Trucks sector, Cummins fell 2.56%, Terex fell 1.15%, Westinghouse Air Brake fell 0.83%, and Oshkosh fell 0.49%.

(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.)