Waste Management, Inc.’s recent filing unveils that its Pres, Chief Executive Officer Fish James C Jr unloaded Company’s shares for reported $7.4 million on Mar 01 ’24. In the deal valued at $204.43 per share,36,207 shares were sold. As a result of this transaction, Fish James C Jr now holds 198,345 shares worth roughly $41.04 million.
Then, Carrasco Rafael sold 840 shares, generating $172,082 in total proceeds. Upon selling the shares at $204.86, the SVP of Enterprise Strategy now owns 14,067 shares.
Before that, Boettcher Charles C sold 2,500 shares. Waste Management, Inc. shares valued at $523,750 were divested by the EVP, Corp Development & CLO at a price of $209.50 per share. As a result of the transaction, Boettcher Charles C now holds 29,677 shares, worth roughly $6.14 million.
HSBC Securities downgraded its Waste Management, Inc. [WM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. Wells Fargo began covering WM with “an Equal weight” recommendation on November 27, 2023. UBS revised its rating on October 23, 2023. It rated WM as “a Buy” which previously was an “a Neutral”.
Price Performance Review of WM
On Friday, Waste Management, Inc. [NYSE:WM] saw its stock fall -0.08% to $206.93. Over the last five days, the stock has lost -2.92%. Waste Management, Inc. shares have risen nearly 15.54% since the year began. Nevertheless, the stocks have risen 26.54% over the past one year. While a 52-week high of $214.54 was reached on 03/28/24, a 52-week low of $149.71 was recorded on 01/08/24. SMA at 50 days reached $202.81, while 200 days put it at $175.69. A total of 2.76 million shares were traded, compared to the trading of 2.11 million shares in the previous session.
Levels Of Support And Resistance For WM Stock
The 24-hour chart illustrates a support level at 206.17, which if violated will result in even more drops to 205.42. On the upside, there is a resistance level at 207.77. A further resistance level may holdings at 208.62. The Relative Strength Index (RSI) on the 14-day chart is 44.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.91%. Stochastics %K at 14.45% indicates the stock is a buying.
How much short interest is there in Waste Management, Inc.?
A steep rise in short interest was recorded in Waste Management, Inc. stocks on Mar 15, 2024, growing by 1.28 million shares to a total of 5.2 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.92 million shares. There was a rise of 24.62%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.30% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.01.
The most recent change occurred on October 17, 2023 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
