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Waste Connections Inc (WCN) gets rating Initiated from Scotiabank

Waste Connections Inc’s recent filing unveils that its SR VP Operations NIELSEN III ROBERT unloaded Company’s shares for reported $0.19 million on Nov 12 ’24. In the deal valued at $187.50 per share,1,000 shares were sold. As a result of this transaction, NIELSEN III ROBERT now holds 2,250 shares worth roughly $0.42 million.

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Then, LITTLE JAMES sold 2,000 shares, generating $370,650 in total proceeds. Upon selling the shares at $185.32, the Executive VP Engineering now owns 12,317 shares.

Before that, JAMES AND MICHELLE LITTLE REV bought 2,000 shares. Waste Connections Inc shares valued at $370,650 were divested by the Officer at a price of $185.32 per share.

Scotiabank initiated its Waste Connections Inc [WCN] rating to a Sector perform in a research note published on October 04, 2024; the price target was $196. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. UBS revised its rating on February 29, 2024. It rated WCN as “a Neutral” which previously was an “a Buy”.

Price Performance Review of WCN

On Monday, Waste Connections Inc [NYSE:WCN] saw its stock jump 1.37% to $186.01. Over the last five days, the stock has gained 0.35%. Waste Connections Inc shares have risen nearly 24.61% since the year began. Nevertheless, the stocks have risen 37.77% over the past one year. While a 52-week high of $188.30 was reached on 11/13/24, a 52-week low of $130.33 was recorded on 01/17/24. SMA at 50 days reached $180.85, while 200 days put it at $173.80.

Levels Of Support And Resistance For WCN Stock

The 24-hour chart illustrates a support level at 183.91, which if violated will result in even more drops to 181.82. On the upside, there is a resistance level at 187.14. A further resistance level may holdings at 188.28. The Relative Strength Index (RSI) on the 14-day chart is 60.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.99%. Stochastics %K at 68.22% indicates the stock is a holding.

How much short interest is there in Waste Connections Inc?

A steep rise in short interest was recorded in Waste Connections Inc stocks on 2024-10-31, dropping by 66920.0 shares to a total of 1.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.21 million shares. There was a decline of -5.85%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 27, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating .

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