Shares of Waste Connections (WCN) Sees Large Outflow of Money

Waste Connections (WCN): The stock had negative money flow to the tune of ($5.5 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $10.84 million, whereas, the outflow of money on downticks was $16.34 million and the ratio between the two was 0.66. The block trade had a negative net money flow of ($6.68 million). The total block trade value undertaken on upticks was $0.77 million. On the other hand, downticks amounted to $7.45 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.1. Waste Connections (WCN) closed with marginal gains of 31 cents to end the day at $73.49, an increase of 0.42% over the previous days close. The stock recorded 0.31% for the week.


The stock has recorded a 20-day Moving Average of 2.39% and the 50-Day Moving Average is 4.21%. Shares have rallied 53.58% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $74.23 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $71.02 and the 200 Day Moving Average price is recorded at $64.58.

Waste Connections (NYSE:WCN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.75 and $73.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.49, notching a gain of 0.42% for the day. The total traded volume was 819,284 . The stock had closed at $73.18 on the previous day.

In an insider trading activity,The (Sr. VP, General Counsel & Sec) of Waste Connections, Inc., Shea Patrick James sold 5,000 shares at $73.05 on June 10, 2016. The Insider selling transaction had a total value worth of $365,250. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Waste Connections, Inc. is an integrated municipal solid waste (MSW) services company that provides solid waste collection, transfer, disposal and recycling services. It provides non-hazardous exploration and production (E&P), waste treatment, recovery and disposal services. The Company operates in four segments: Western, Central, Eastern and E&P. The Companys Western segment consists of locations in Alaska, California, Idaho, Montana, Nevada, Oregon, Washington and western Wyoming. The Companys Central segment consists of locations in Arizona, Colorado, Kansas, Louisiana, Minnesota, Nebraska, New Mexico, Oklahoma, South Dakota, Texas, Utah and eastern Wyoming. The Companys Eastern segment consists of locations in Alabama, Illinois, Iowa, Kentucky, Massachusetts, Michigan, Mississippi, New York, North Carolina, South Carolina and Tennessee. The Companys E&P segment consists of its E&P operations in Louisiana, New Mexico, North Dakota, Oklahoma, Texas, Wyoming and Gulf of Mexico.

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