A subsidiary of Caterpillar Inc., Progress Rail, announced plans to locate a locomotive manufacturing facility in the state of Minas Gerais to supply Brazil’s diesel-electric locomotive market.
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Caterpillar, Inc. engages in the business of manufacturing construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.
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Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $400.0 for Caterpillar over the last 3 months.
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