Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Waste Management, Inc. shares valued at $80,198 were purchased by Rooney Kelly C. on Sep 09 ’24. At $205.63 per share, Rooney Kelly C. acquired 390 shares.
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Also, Watson Michael J. sold 1,500 shares, netting a total of over 330,000 in proceeds. Following the sale of shares at $220.00 each, the insider now holds 44,144 shares.
Before that, Watson Michael J. had sold 4,208 shares from its account. In a trade valued at $859,631, the Sr. VP-Chief Customer Officer traded Waste Management, Inc. shares for $204.28 each. Upon closing the transaction, the insider’s holdings decreased to 4,208 shares, worth approximately $9.34 million.
As published in their initiating research note from Deutsche Bank on May 22, 2024, Waste Management, Inc. [WM] has been a Buy and the price target has been revised to $241. As of February 15, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for WM. Earlier on February 14, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for WM stock which previously was a “a Buy”.
Analyzing WM Stock Performance
During the last five days, there has been a drop of approximately -1.55%. Over the course of the year, Waste Management, Inc. shares have jumped approximately 14.26%. Shares of the company reached a 52-week high of $225.00 on 07/19/24 and a 52-week low of $176.68 on 01/08/24. A 50-day SMA is recorded $208.72, while a 200-day SMA reached $201.67. Nevertheless, trading volume fell to 1.3 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for Waste Management, Inc. (WM)
According to the 24-hour chart, there is a support level at 202.68, which, if violated, would cause prices to drop to 200.72. In the upper region, resistance lies at 205.69. The next price resistance is at 206.73. RSI (Relative Strength Index) is 43.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.08, which suggests the price will decrease in the coming days. Percent R is at 64.43%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
