Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Waste Management, Inc. shares valued at $7,401,797 were sold by Fish James C Jr on Mar 01 ’24. At $204.43 per share, Fish James C Jr sold 36,207 shares. The insider’s holdings dropped to 198,345 shares worth approximately $40.89 million following the completion of this transaction.
Also, Carrasco Rafael sold 840 shares, netting a total of over 172,082 in proceeds. Following the sale of shares at $204.86 each, the insider now holds 14,067 shares.
Before that, Boettcher Charles C had sold 2,500 shares from its account. In a trade valued at $523,750, the EVP, Corp Development & CLO traded Waste Management, Inc. shares for $209.50 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $6.12 million.
Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid February. As of February 14, 2024, UBS has decreased its “Buy” rating to a “Neutral” for WM. Earlier on November 27, 2023, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for WM stock.
Analyzing WM Stock Performance
During the last five days, there has been a drop of approximately -0.98%. Over the course of the year, Waste Management, Inc. shares have jumped approximately 15.10%. Shares of the company reached a 52-week high of $214.54 on 03/28/24 and a 52-week low of $176.68 on 01/08/24. A 50-day SMA is recorded $205.92, while a 200-day SMA reached $177.22. Nevertheless, trading volume fell to 1.19 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for Waste Management, Inc. (WM)
According to the 24-hour chart, there is a support level at 204.91, which, if violated, would cause prices to drop to 203.67. In the upper region, resistance lies at 206.85. The next price resistance is at 207.54. RSI (Relative Strength Index) is 45.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.42, which suggests the price will decrease in the coming days. Percent R is at 82.50%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
