The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Waste Connections Inc shares valued at $1,011,840 were sold by LITTLE JAMES on Mar 07 ’24. At $168.64 per share, LITTLE JAMES sold 6,000 shares. The insider’s holdings dropped to 28,215 shares worth approximately $4.65 million following the completion of this transaction.
Also, GUILLET EDWARD E sold 2,000 shares, netting a total of over 337,590 in proceeds. Following the sale of shares at $168.79 each, the insider now holds 31,600 shares.
Before that, RIVARD PHILIP had sold 1,250 shares from its account. In a trade valued at $212,764, the SR VP Business Development traded Waste Connections Inc shares for $170.21 each. Upon closing the transaction, the insider’s holdings decreased to 1,250 shares, worth approximately $0.58 million.
Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of November 27, 2023, Wells Fargo has initiated its “an Overweight” rating for WCN. Earlier on November 21, 2023, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for WCN stock which previously was a “an Outperform”.
Analyzing WCN Stock Performance
During the last five days, there has been a drop of approximately -2.21%. Over the course of the year, Waste Connections Inc shares have jumped approximately 10.32%. Shares of the company reached a 52-week high of $173.02 on 03/28/24 and a 52-week low of $145.35 on 01/17/24. A 50-day SMA is recorded $166.99, while a 200-day SMA reached $147.24. Nevertheless, trading volume fell to 0.66 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Waste Connections Inc (WCN)
According to the 24-hour chart, there is a support level at 163.73, which, if violated, would cause prices to drop to 162.78. In the upper region, resistance lies at 165.60. The next price resistance is at 166.53. RSI (Relative Strength Index) is 36.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.83, which suggests the price will decrease in the coming days. Percent R is at 89.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
