Waste Management (WM) : The total negative money flow of $4.84 million on Thursday indicates selling on strength. The inflow of money on upticks was $34.93 million, compared to $39.77 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.88. The negative money flow of $7.09 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $9.76 million in a block trade.The transaction value of block trade on downtick was $16.85 million. The uptick to downtick ratio was 0.58. The price action in the Waste Management (WM) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $67.89 with a gain of $0.08 , a change of 0.12% over the previous days close. The stock registered 0.41% for the week.
The stock has recorded a 20-day Moving Average of 4.31% and the 50-Day Moving Average is 8.37%. Shares have rallied 39.32% 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 $63.32 and the 200 Day Moving Average price is recorded at $58.17.
Waste Management (NYSE:WM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.12 and $67.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.90, notching a gain of 0.13% for the day. The total traded volume was 2,415,173 . The stock had closed at $67.81 on the previous day.
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.