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RBC Capital Mkts gives a Sector perform recommendation for Waste Management, Inc. (WM)

In a filing, Waste Management, Inc. revealed 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 $41.95 million.

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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 $6.28 million.

A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Hold”. UBS also remained covering WM and has decreased its forecast on February 14, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on November 27, 2023. It rated WM as “an Equal weight”.

Price Performance Review of WM

On Friday, Waste Management, Inc. [NYSE:WM] saw its stock jump 0.47% to $211.49. Over the last five days, the stock has gained 1.74%. Waste Management, Inc. shares have risen nearly 18.08% since the year began. Nevertheless, the stocks have risen 24.00% 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 $209.16, while 200 days put it at $180.57. A total of 1.08 million shares were traded, compared to the trading of 1.33 million shares in the previous session.

Levels Of Support And Resistance For WM Stock

The 24-hour chart illustrates a support level at 210.71, which if violated will result in even more drops to 209.94. On the upside, there is a resistance level at 212.27. A further resistance level may holdings at 213.06. The Relative Strength Index (RSI) on the 14-day chart is 58.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.69%. Stochastics %K at 63.22% indicates the stock is a holding.

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