Stericycle (SRCL) : During the past 4 weeks, traders have been relatively bearish on Stericycle (SRCL), hence the stock is down -18.68% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.3% relative to the S&P 500. The 4-week change in the price of the stock is -17.84% and the stock has fallen -3.25% in the past 1 week.
The stock has recorded a 20-day Moving Average of 10.73% and the 50-Day Moving Average is 13.15%. Stericycle (NASDAQ:SRCL): stock turned positive on Friday. Though the stock opened at $86.76, the bulls momentum made the stock top out at $87.21 level for the day. The stock recorded a low of $86.5 and closed the trading day at $87.02, in the green by 0.07%. The total traded volume for the day was 1,188,339. The stock had closed at $86.96 in the previous days trading.
The company Insiders own 3.3% of Stericycle shares according to the proxy statements. Institutional Investors own 93.51% of Stericycle shares. Also, Equity Analysts at the Brokerage Firm, Imperial Capital, downgrades their rating on the shares of Stericycle (NASDAQ:SRCL). Imperial Capital has a Underperform rating on the shares. Previously, the analysts had a In-line rating on the shares. As per the latest research report, the brokerage house lowers the price target to $93.5 per share from a prior target of $100. The rating by the firm was issued on July 29, 2016.
Stericycle, Inc. is engaged in the business of providing regulated and compliance solutions to healthcare and commercial businesses. The Companys solutions include the collection and processing of specialized waste for disposal, and a variety of training, consulting, recall/return, communication, and compliance services, which include training, consulting, inbound/outbound communications, data reporting, and other regulatory compliance services. The Company operates regulated waste management networks in the United States, Argentina, Brazil, Canada, Chile, Ireland, Japan, Mexico, Portugal, Romania, South Korea, Spain, and the United Kingdom. The Company operates through two segments: United States and International. The Companys networks include a total of 181 processing facilities, 214 transfer sites, and 97 other service facilities. Its regulated waste processing technology is primarily autoclaving. The Company also uses incineration and electro-thermal-deactivation system (ETD).