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Investing in Waste Management, Inc. (WM): What You Must Know

In a filing, Waste Management, Inc. revealed its Officer Rooney Kelly C. acquired Company’s shares for reported $80198.0 on Sep 09 ’24. In the deal valued at $205.63 per share,390 shares were bought.

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Then, Watson Michael J. sold 1,500 shares, generating $330,000 in total proceeds. Upon selling the shares at $220.00, the Sr. VP-Chief Customer Officer now owns 44,144 shares.

Before that, Watson Michael J. sold 4,208 shares. Waste Management, Inc. shares valued at $859,631 were divested by the Sr. VP-Chief Customer Officer at a price of $204.28 per share. As a result of the transaction, Watson Michael J. now holds 45,644 shares, worth roughly $9.71 million.

Scotiabank initiated its Waste Management, Inc. [WM] rating to a Sector perform in a research note published on October 04, 2024; the price target was $220. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Deutsche Bank began covering WM with “Buy” recommendation on May 22, 2024.

Price Performance Review of WM

On Friday, Waste Management, Inc. [NYSE:WM] saw its stock fall -0.15% to $212.75. Over the last five days, the stock has gained 0.44%. Waste Management, Inc. shares have risen nearly 18.79% since the year began. Nevertheless, the stocks have risen 33.76% over the past one year. While a 52-week high of $225.00 was reached on 07/19/24, a 52-week low of $153.95 was recorded on 01/08/24. SMA at 50 days reached $208.15, while 200 days put it at $205.13.

Levels Of Support And Resistance For WM Stock

The 24-hour chart illustrates a support level at 212.00, which if violated will result in even more drops to 211.25. On the upside, there is a resistance level at 213.50. A further resistance level may holdings at 214.25. The Relative Strength Index (RSI) on the 14-day chart is 59.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.40%. Stochastics %K at 73.69% indicates the stock is a holding.

How much short interest is there in Waste Management, Inc.?

A steep rise in short interest was recorded in Waste Management, Inc. stocks on 2024-09-30, growing by 0.19 million shares to a total of 3.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.1 million shares. There was a rise of 5.87%, which implies that there is a positive sentiment for the stock.

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