Covanta Holding Corporation (CVA) : During the past 4 weeks, traders have been relatively bearish on Covanta Holding Corporation (CVA), hence the stock is down -13% 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 -2.48% relative to the S&P 500. The 4-week change in the price of the stock is -12.66% and the stock has fallen -2.51% in the past 1 week.
Covanta Holding Corporation has dropped 9.39% during the last 3-month period . Year-to-Date the stock performance stands at -1.76%. The stock has recorded a 20-day Moving Average of 5.09% and the 50-Day Moving Average is 8.31%.
Covanta Holding Corporation (NYSE:CVA): The stock opened at $14.91 on Friday but the bulls could not build on the opening and the stock topped out at $14.92 for the day. The stock traded down to $14.75 during the day, due to lack of any buying support eventually closed down at $14.76 with a loss of -1.07% for the day. The stock had closed at $14.92 on the previous day. The total traded volume was 470,986 shares.
Also, Barclays maintains their rating on the shares of Covanta Holding Corporation (NYSE:CVA). The current rating of the shares is Equal-weight. Equity Analysts at the Firm lowers the price target to $16 per share from $17 per share. The rating by the firm was issued on August 9, 2016.
Covanta Holding Corporation is a holding company. Through its subsidiaries, the Company owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. Energy-from-waste (EfW) serves two markets as both a sustainable waste management solution and as a source of clean energy. The Company operate and/or have ownership positions in 46 EfW facilities, which are primarily located in North America, and 11 additional energy generation facilities, including other renewable energy production facilities in North America (wood biomass and hydroelectric). In total, these assets produce approximately 10 million megawatt hours (MWh) of baseload electricity. The Company also operates a waste management infrastructure, including 18 transfer stations. The Company also operates, and in some cases has ownership interests in, transfer stations and landfills.