Casella Waste Systems Inc.’s recently made public that its PRESIDENT & CFO Coletta Edmond unloaded Company’s shares for reported $0.82 million on Aug 23. In the deal valued at $81.66 per share,10,000 shares were sold. As a result of this transaction, Coletta Edmond now holds 156,424 shares worth roughly $ 12.46 million.
Then, Ligon Paul sold 2,500 shares, generating $196,900 in total proceeds. Upon selling the shares at $78.76, the SR VP of Sustainable Growth now owns 21,554 shares.
Before that, HULLIGAN WILLIAM P sold 5,000 shares. Casella Waste Systems Inc. shares valued at $399,900 were divested by the Director at a price of $79.98 per share. As a result of the transaction, HULLIGAN WILLIAM P now holds 13,702 shares, worth roughly $1.09 million.
BofA Securities downgraded its Casella Waste Systems Inc. [CWST] rating to an Underperform from a a Neutral in a research note published on Friday, January 13, 2023; the price target was decreased to $81 from $87. PT values the company’s stock at a premium of 1.67 to its Friday closing price.
Price Performance Review of CWST
On Friday, Casella Waste Systems Inc. [NASDAQ:CWST] saw its stock jump 1.12% to $79.65. On the same session, the stock had its day’s lowest price of $78.76, but rose to a high of $79.79. Over the last five days, the stock has lost -0.72%. Casella Waste Systems Inc. shares have risen nearly 0.43% since the year began. Nevertheless, the stocks have fallen -2.78% over the past one year. While a 52-week high of $95.78 was reached on 05/16/23, a 52-week low of $70.07 was recorded on 02/17/23. SMA at 50 days reached $83.34, while 200 days put it at $83.62. A total of 0.17 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For CWST Stock
The 24-hour chart illustrates a support level at 79.01, which if violated will result in even more drops to 78.37. On the upside, there is a resistance level at 80.04. A further resistance level may holdings at 80.43. The Relative Strength Index (RSI) on the 14-day chart is 44.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.86%. Stochastics %K at 29.08% indicates the stock is a holding.
How much short interest is there in Casella Waste Systems Inc.?
A steep rise in short interest was recorded in Casella Waste Systems Inc. stocks on Aug 14, 2023, growing by 0.15 million shares to a total of 1.17 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.02 million shares. There was a rise of 12.82%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.07% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.52.
Casella Waste Systems Inc. [CWST] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 5,217,003 shares, or roughly 9.16% of the outstanding CWST shares. In other words, the investor’s shares have risen by 516,284 from its previous 13-F filing of 4700719.0. Additionally, BlackRock Fund Advisors increased 17.04% of its stake after which the total value it holdings stand at $271,490,462, while Conestoga Capital Advisors LLC reduced -0.10% of its stake to hold $246.38 million in the firm. Over the last quarter, William Blair Investment Manageme purchased 54,263 shares of Casella Waste Systems Inc., while JPMorgan Investment Management, I bought 89,553 shares. At present, EARNEST Partners LLC is holding 2,218,153 shares valued at $178.98 million. Allspring Global Investments LLC owned 1,640,531 shares of the company at the time of its most recent 13F filing, worth $132.37 million.