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Recent Insider Activity Suggests Potential Gains for Casella Waste Systems, Inc. (CWST)

In a filing, Casella Waste Systems, Inc. revealed its CHIEF EXECUTIVE OFFICER CASELLA JOHN W unloaded Company’s shares for reported $89537.0 on Mar 14 ’24. In the deal valued at $94.15 per share,951 shares were sold. As a result of this transaction, CASELLA JOHN W now holds 34,238 shares worth roughly $3.34 million.

Then, Coletta Edmond sold 452 shares, generating $42,497 in total proceeds. Upon selling the shares at $94.02, the PRESIDENT now owns 170,034 shares.

Before that, CASELLA DOUGLAS R sold 391 shares. Casella Waste Systems, Inc. shares valued at $36,820 were divested by the VICE CHAIRMAN, BD OF DIRECTORS at a price of $94.17 per share. As a result of the transaction, CASELLA DOUGLAS R now holds 135,435 shares, worth roughly $13.22 million.

Wells Fargo initiated its Casella Waste Systems, Inc. [CWST] rating to an Overweight in a research note published on November 27, 2023; the price target was $95. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. Goldman began covering CWST with “Buy” recommendation on September 15, 2023. BofA Securities revised its rating on January 13, 2023. It rated CWST as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of CWST

On Tuesday, Casella Waste Systems, Inc. [NASDAQ:CWST] saw its stock jump 1.20% to $97.63. Over the last five days, the stock has gained 2.39%. Casella Waste Systems, Inc. shares have risen nearly 14.24% since the year began. Nevertheless, the stocks have risen 3.28% over the past one year. While a 52-week high of $100.29 was reached on 03/28/24, a 52-week low of $72.97 was recorded on 01/05/24. SMA at 50 days reached $94.90, while 200 days put it at $85.39. A total of 0.22 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For CWST Stock

The 24-hour chart illustrates a support level at 96.71, which if violated will result in even more drops to 95.78. On the upside, there is a resistance level at 98.50. A further resistance level may holdings at 99.37. The Relative Strength Index (RSI) on the 14-day chart is 61.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.81%. Stochastics %K at 92.03% indicates the stock is a selling.

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