Waste Connections (WCN) : Traders are bullish on Waste Connections (WCN) as it has outperformed the S&P 500 by a wide margin of 5.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.26% in the last 1 week, and is up 6.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Waste Connections, Inc. is up 12.14% in the last 3-month period. Year-to-Date the stock performance stands at 40.46%. The stock has recorded a 20-day Moving Average of 3.3% and the 50-Day Moving Average is 6.62%.
Waste Connections (NYSE:WCN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.89 and $77.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.60, notching a gain of 0.51% for the day. The total traded volume was 578,414 . The stock had closed at $78.20 on the previous day.
Also, Brokerage firm Barclays maintains its rating on Waste Connections (NYSE:WCN). As per the latest information, the brokerage house raises the price target to $86 per share from a prior target of $74. The shares have been rated Overweight. The rating by the firm was issued on August 9, 2016.
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.