Waste Management (WM) Shares Slide -1.61%

Waste Management (WM) : During the past 4 weeks, traders have been relatively bearish on Waste Management (WM), hence the stock is down -3.76% 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 -1.54% relative to the S&P 500. The 4-week change in the price of the stock is -0.53% and the stock has fallen -1.61% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.63% and the 50-Day Moving Average is 3.11%. Waste Management, Inc. is up 13.23% in the last 3-month period. Year-to-Date the stock performance stands at 25.63%.


Waste Management (NYSE:WM): On Fridays trading session , Opening price of the stock was $66.36 with an intraday high of $66.4. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $65.85. However, the stock managed to close at $66.12, a loss of 0.36% for the day. On the previous day, the stock had closed at $66.36. The total traded volume of the day was 2,079,276 shares.

Also, Oppenheimer initiates coverage on Waste Management (NYSE:WM) The current rating of the shares is Outperform. The rating by the firm was issued on May 5, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *