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Recent Insider Activity Could Benefit Waste Connections Inc (WCN)

Waste Connections Inc’s filing revealed 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.

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 Friday, Waste Connections Inc [NYSE:WCN] saw its stock fall -0.25% to $187.38. Over the last five days, the stock has lost -0.78%. Waste Connections Inc shares have risen nearly 9.21% since the year began. Nevertheless, the stocks have risen 12.06% over the past one year. While a 52-week high of $194.83 was reached on 02/14/25, a 52-week low of $160.34 was recorded on 01/03/25. SMA at 50 days reached $180.40, while 200 days put it at $178.90.

Levels Of Support And Resistance For WCN Stock

The 24-hour chart illustrates a support level at 186.56, which if violated will result in even more drops to 185.75. On the upside, there is a resistance level at 188.31. A further resistance level may holdings at 189.25. The Relative Strength Index (RSI) on the 14-day chart is 57.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.51%. Stochastics %K at 65.20% indicates the stock is a holding.

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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