Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Waste Connections Inc shares valued at $169,000 were sold by NIELSEN III ROBERT on Jun 07 ’24. At $169.00 per share, NIELSEN III ROBERT sold 1,000 shares. The insider’s holdings dropped to 5,321 shares worth approximately $0.92 million following the completion of this transaction.
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Also, HARLAN MICHAEL W sold 1,500 shares, netting a total of over 251,388 in proceeds. Following the sale of shares at $167.59 each, the insider now holds 8,004 shares.
Before that, NIELSEN III ROBERT had sold 2,000 shares from its account. In a trade valued at $332,000, the SR VP Operations traded Waste Connections Inc shares for $166.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $1.09 million.
As published in their initiating research note from Deutsche Bank on May 23, 2024, Waste Connections Inc [WCN] has been a Buy. As of February 29, 2024, UBS has decreased its “Buy” rating to a “Neutral” for WCN. Earlier on November 27, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for WCN stock.
Analyzing WCN Stock Performance
During the last five days, there has been a surge of approximately 3.77%. Over the course of the year, Waste Connections Inc shares have jumped approximately 15.93%. Shares of the company reached a 52-week high of $173.88 on 06/18/24 and a 52-week low of $145.35 on 01/17/24. A 50-day SMA is recorded $165.87, while a 200-day SMA reached $152.71. Nevertheless, trading volume fell to 0.69 million shares from 1.45 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 171.83, which, if violated, would cause prices to drop to 170.61. In the upper region, resistance lies at 174.08. The next price resistance is at 175.10. RSI (Relative Strength Index) is 65.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.24, which suggests the price will increase in the coming days. Percent R is at 6.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
