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Examining the Potential Price Growth of Waste Connections Inc (WCN)

Waste Connections Inc’s recently made public that its SR VP Operations NIELSEN III ROBERT unloaded Company’s shares for reported $90875.0 on Aug 14 ’24. In the deal valued at $181.75 per share,500 shares were sold. As a result of this transaction, NIELSEN III ROBERT now holds 3,821 shares worth roughly $0.71 million.

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Then, NIELSEN III ROBERT sold 1,000 shares, generating $180,150 in total proceeds. Upon selling the shares at $180.15, the SR VP Operations now owns 4,321 shares.

Before that, RIVARD PHILIP sold 2,300 shares. Waste Connections Inc shares valued at $401,925 were divested by the SR VP Business Development at a price of $174.75 per share. As a result of the transaction, RIVARD PHILIP now holds 1,226 shares, worth roughly $0.23 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 Tuesday, Waste Connections Inc [NYSE:WCN] saw its stock fall -0.24% to $186.01. Over the last five days, the stock has gained 1.92%. Waste Connections Inc shares have risen nearly 24.61% since the year began. Nevertheless, the stocks have risen 34.93% over the past one year. While a 52-week high of $187.50 was reached on 08/26/24, a 52-week low of $126.12 was recorded on 01/17/24. SMA at 50 days reached $179.00, while 200 days put it at $163.02.

Levels Of Support And Resistance For WCN Stock

The 24-hour chart illustrates a support level at 185.61, which if violated will result in even more drops to 185.21. On the upside, there is a resistance level at 186.78. A further resistance level may holdings at 187.56. The Relative Strength Index (RSI) on the 14-day chart is 68.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.86%. Stochastics%K at 90.64% indicates the stock is a selling.

How much short interest is there in Waste Connections Inc?

A steep rise in short interest was recorded in Waste Connections Inc stocks on 2024-07-31, growing by 82189.0 shares to a total of 1.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.55 million shares. There was a rise of 5.03%, which implies that there is a positive sentiment for the stock.

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