Waste Management (WM) has been under a strong bear grip, hence the stock is down -2.17% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.01% in the past 1 week. The stock has risen by 1.06% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.16% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 2.19%. Waste Management (NYSE:WM): On Fridays trading session , Opening price of the stock was $66.46 with an intraday high of $66.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $66.46. However, the stock managed to close at $66.67, a loss of 0.22% for the day. On the previous day, the stock had closed at $66.82. The total traded volume of the day was 1,101,058 shares.
The company Insiders own 0.42% of Waste Management shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.89% . Institutional Investors own 76.07% of Waste Management shares. During last six month period, the net percent change held by insiders has seen a change of -1.34%. Also, Brokerage firm Barclays downgrades its rating on Waste Management (NYSE:WM). As per the latest information, the brokerage house raises the price target to $70 per share from a prior target of $66. The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on August 9, 2016.
Waste Management, Inc. is a holding company. The Company, through its subsidiaries, provides waste management environmental services. The Companys Solid Waste business is operated and managed locally by its subsidiaries that focus on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services. The Company develops, operates and owns landfill gas-to-energy facilities in the United States. The Companys segments include Tier 1, which comprises areas in the Southern United States; Tier 2, which comprises areas located in the Midwest and Northeast United States, and Tier 3, which encompasses the remaining areas, including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The Company owns or operates 252 landfill sites. It manages 298 transfer stations that consolidate, compact and transport waste.