Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Waste Connections Inc shares valued at $105,920 were sold by NIELSEN III ROBERT on Sep 09 ’24. At $185.50 per share, NIELSEN III ROBERT sold 571 shares. The insider’s holdings dropped to 3,250 shares worth approximately $0.58 million following the completion of this transaction.
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Also, GUILLET EDWARD E sold 8,000 shares, netting a total of over 1,478,640 in proceeds. Following the sale of shares at $184.83 each, the insider now holds 23,600 shares.
Before that, GUILLET EDWARD E had added 8,000 shares to its account. In a trade valued at $1,481,200, the Director bought Waste Connections Inc shares for $185.15 each.
As published in their initiating research note from Scotiabank on October 04, 2024, Waste Connections Inc [WCN] has been a Sector perform and the price target has been revised to $196. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. Earlier on February 29, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for WCN stock which previously was a “a Buy”.
Analyzing WCN Stock Performance
During the last five days, there has been a surge of approximately 0.95%. Over the course of the year, Waste Connections Inc shares have jumped approximately 20.18%. Shares of the company reached a 52-week high of $187.54 on 08/29/24 and a 52-week low of $145.35 on 01/17/24. A 50-day SMA is recorded $180.86, while a 200-day SMA reached $172.62. Nevertheless, trading volume fell to 2.24 million shares from 0.66 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 177.00, which, if violated, would cause prices to drop to 174.60. In the upper region, resistance lies at 181.88. The next price resistance is at 184.36. RSI (Relative Strength Index) is 50.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 45.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
