Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $9.73 million.
As published in their initiating research note from Scotiabank on October 04, 2024, Waste Management, Inc. [WM] has been a Sector perform and the price target has been revised to $220. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of May 22, 2024, Deutsche Bank has initiated its “Buy” rating for WM.
Analyzing WM Stock Performance
During the last five days, there has been a surge of approximately 0.43%. Over the course of the year, Waste Management, Inc. shares have jumped approximately 19.01%. 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 $207.85, while a 200-day SMA reached $204.79. Nevertheless, trading volume fell to 0.7 million shares from 1.18 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 212.37, which, if violated, would cause prices to drop to 211.60. In the upper region, resistance lies at 214.06. The next price resistance is at 214.97. RSI (Relative Strength Index) is 60.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.81, which suggests the price will increase in the coming days. Percent R is at 25.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
