Waste Connections Inc’s recent filing unveils that its Executive VP Engineering LITTLE JAMES unloaded Company’s shares for reported $1.01 million on Mar 07 ’24. In the deal valued at $168.64 per share,6,000 shares were sold. As a result of this transaction, LITTLE JAMES now holds 28,215 shares worth roughly $4.75 million.
Then, GUILLET EDWARD E sold 2,000 shares, generating $337,590 in total proceeds. Upon selling the shares at $168.79, the Director now owns 31,600 shares.
Before that, RIVARD PHILIP sold 1,250 shares. Waste Connections Inc shares valued at $212,764 were divested by the SR VP Business Development at a price of $170.21 per share. As a result of the transaction, RIVARD PHILIP now holds 3,526 shares, worth roughly $0.59 million.
A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Wells Fargo began covering WCN with “an Overweight” recommendation on November 27, 2023. Wolfe Research revised its rating on November 21, 2023. It rated WCN as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of WCN
On Monday, Waste Connections Inc [NYSE:WCN] saw its stock jump 0.15% to $168.26. Over the last five days, the stock has lost -1.24%. Waste Connections Inc shares have risen nearly 12.72% since the year began. Nevertheless, the stocks have risen 22.74% over the past one year. While a 52-week high of $173.02 was reached on 03/28/24, a 52-week low of $126.12 was recorded on 01/17/24. SMA at 50 days reached $165.57, while 200 days put it at $146.26. A total of 0.58 million shares were traded, compared to the trading of 0.56 million shares in the previous session.
Levels Of Support And Resistance For WCN Stock
The 24-hour chart illustrates a support level at 167.32, which if violated will result in even more drops to 166.39. On the upside, there is a resistance level at 168.97. A further resistance level may holdings at 169.69. The Relative Strength Index (RSI) on the 14-day chart is 49.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.80%. Stochastics %K at 15.15% indicates the stock is a buying.
How much short interest is there in Waste Connections Inc?
A steep rise in short interest was recorded in Waste Connections Inc stocks on Mar 15, 2024, dropping by -0.35 million shares to a total of 1.27 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.62 million shares. There was a decline of -27.56%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.55% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.31.
The most recent change occurred on October 17, 2023 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $152 price target.
