Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Waste Management, Inc shares valued at $3,083,278 were purchased by Morris John J on Nov 21 ’24. At $221.71 per share, Morris John J acquired 13,907 shares.
Also, Rooney Kelly C. purchased 5,257 shares, netting a total of over 1,186,908 in proceeds.
Before that, Carrasco Rafael had added 2,455 shares to its account. In a trade valued at $554,214, the Officer bought Waste Management, Inc shares for $225.75 each.
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 1.01%. Over the course of the year, Waste Management, Inc shares have jumped approximately 4.12%. Shares of the company reached a 52-week high of $213.68 on 01/21/25 and a 52-week low of $199.69 on 01/02/25. A 50-day SMA is recorded $214.16, while a 200-day SMA reached $210.23. Nevertheless, trading volume fell to 1.29 million shares from 2.15 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 209.05, which, if violated, would cause prices to drop to 207.99. In the upper region, resistance lies at 211.68. The next price resistance is at 213.25. RSI (Relative Strength Index) is 52.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.27, which suggests the price will increase in the coming days. Percent R is at 25.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
