Stericycle (SRCL) has been under a strong bear grip, hence the stock is down -0.25% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.65% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.27% in the last 1 week, and is up 6.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Stericycle (NASDAQ:SRCL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $106.57 and $106.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $107.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $107.25, notching a gain of 0.92% for the day. The total traded volume was 763,962 . The stock had closed at $106.27 on the previous day.
The stock has recorded a 20-day Moving Average of 3.25% and the 50-Day Moving Average is 6.36%. Stericycle, Inc. has dropped 13.49% during the last 3-month period . Year-to-Date the stock performance stands at -11.07%.
Stericycle, Inc. is engaged in the business of providing regulated and compliance solutions to healthcare and commercial businesses. The Companys solutions include the collection and processing of specialized waste for disposal, and a variety of training, consulting, recall/return, communication, and compliance services, which include training, consulting, inbound/outbound communications, data reporting, and other regulatory compliance services. The Company operates regulated waste management networks in the United States, Argentina, Brazil, Canada, Chile, Ireland, Japan, Mexico, Portugal, Romania, South Korea, Spain, and the United Kingdom. The Company operates through two segments: United States and International. The Companys networks include a total of 181 processing facilities, 214 transfer sites, and 97 other service facilities. Its regulated waste processing technology is primarily autoclaving. The Company also uses incineration and electro-thermal-deactivation system (ETD).