Waste Management (NYSE:WM) : Traders are bullish on Waste Management (NYSE:WM) as it has outperformed the S&P 500 by a wide margin of 6.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.43%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.72% in the last 1 week, and is up 7.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 41.06% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $70.50 and the one year low was seen on Jul 22, 2015. The 50-Day Moving Average price is $63.12 and the 200 Day Moving Average price is recorded at $58.00.
The stock has recorded a 20-day Moving Average of 5.47% and the 50-Day Moving Average is 9.25%.
Waste Management (NYSE:WM): stock turned positive on Friday. Though the stock opened at $67.44, the bulls momentum made the stock top out at $67.97 level for the day. The stock recorded a low of $67.35 and closed the trading day at $67.61, in the green by 0.48%. The total traded volume for the day was 2,039,188. The stock had closed at $67.29 in the previous days trading.
In an insider trading activity, The officer (Sr. VP, Human Resources), of Waste Management Inc, Schwartz Mark E. had unloaded 001 shares at $60.76 per share in a transaction on May 20, 2016. The total value of transaction was $061. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.