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Recent Insider Activity Suggests Potential Gains for Waste Connections Inc (WCN)

In a filing, Waste Connections Inc revealed its SR VP Operations NIELSEN III ROBERT unloaded Company’s shares for reported $0.17 million on Jun 07 ’24. In the deal valued at $169.00 per share,1,000 shares were sold. As a result of this transaction, NIELSEN III ROBERT now holds 5,321 shares worth roughly $0.9 million.

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Then, HARLAN MICHAEL W sold 1,500 shares, generating $251,388 in total proceeds. Upon selling the shares at $167.59, the Director now owns 8,004 shares.

Before that, NIELSEN III ROBERT sold 2,000 shares. Waste Connections Inc shares valued at $332,000 were divested by the SR VP Operations at a price of $166.00 per share. As a result of the transaction, NIELSEN III ROBERT now holds 6,321 shares, worth roughly $1.07 million.

Deutsche Bank initiated its Waste Connections Inc [WCN] rating to a Buy in a research note published recently. UBS also remained covering WCN and has decreased its forecast on February 29, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on November 27, 2023. It rated WCN as “an Overweight”.

Price Performance Review of WCN

On Friday, Waste Connections Inc [NYSE:WCN] saw its stock jump 0.92% to $168.61. Over the last five days, the stock has gained 1.85%. Waste Connections Inc shares have risen nearly 12.96% since the year began. Nevertheless, the stocks have risen 23.23% 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 $165.68, while 200 days put it at $152.35. A total of 0.57 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For WCN Stock

The 24-hour chart illustrates a support level at 167.01, which if violated will result in even more drops to 165.42. On the upside, there is a resistance level at 169.63. A further resistance level may holdings at 170.66. The Relative Strength Index (RSI) on the 14-day chart is 57.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.27%. Stochastics %K at 71.13% indicates the stock is a holding.

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