Large Inflow of Money Witnessed in Waste Management

Waste Management (WM) : Investors lapped up stocks on upticks to the tune of $1.69 million in the Thursdays trading session. The trading value on downticks was comparatively at $0.48 million and the uptick to downtick ratio of 3.49 indicates continuous buying by the bulls. The net money flow into the stock was $1.21 million. Upticks saw transactions worth $1.12 clearly indicating buying by large investors. The total money flow for block trades stood at $1.12 million, which is a positive for the stock in the long-term. Waste Management (WM) fell $0.06 during the day at $67.15, a drop of -0.09% over the previous days close. However, for the week, the stock is 1.02%, compared to the previous week.


Waste Management (WM) : 7 Wall Street analysts covering Waste Management (WM) believe that the average level the stock could reach for the short term is $64.14. The maximum price target given is $67 and the minimum target for short term is around $60, hence the standard deviation is calculated at $2.79. The stock has recorded a 20-day Moving Average of 5.39% and the 50-Day Moving Average is 9.13%.

Waste Management (NYSE:WM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.30 and $66.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.29, notching a gain of 0.12% for the day. The total traded volume was 1,610,073 . The stock had closed at $67.21 on the previous day.

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.

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