Republic Services (RSG) Shares Slide -2.16%

Republic Services (RSG) : During the past 4 weeks, traders have been relatively bearish on Republic Services (RSG), hence the stock is down -3.81% 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 -2.09% relative to the S&P 500. The 4-week change in the price of the stock is -0.58% and the stock has fallen -2.16% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.73% and the 50-Day Moving Average is 2.33%. Republic Services, Inc. is up 9.56% in the last 3-month period. Year-to-Date the stock performance stands at 17.96%.


Republic Services (NYSE:RSG): On Fridays trading session , Opening price of the stock was $51.75 with an intraday high of $51.99. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $51.04. However, the stock managed to close at $51.26, a loss of 1.23% for the day. On the previous day, the stock had closed at $51.9. The total traded volume of the day was 1,852,349 shares.

Also, Argus Research initiates coverage on Republic Services (NYSE:RSG). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm announces the price target at $50 per share. The rating by the firm was issued on May 18, 2016.

Republic Services, Inc. is a provider of services in the domestic non-hazardous solid waste services industry. The Company provides non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers. The Company operates three geographic operating regions that are also its segments: East, Central and West. Each region is organized into several areas and each area contains multiple business units or operating locations. The Company has approximately 340 collection operations, owned or operated 198 transfer stations, 189 active solid waste landfills and 60 recycling centers. It also operates approximately 72 landfill gas and renewable energy projects. The Company operates in 39 states and Puerto Rico. The Company provides collection, transfer, recycling and landfill services in all its regions.

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