The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Waste Management, Inc shares valued at $1,304,098 were sold by Watson Michael J. on Feb 24 ’25. At $227.51 per share, Watson Michael J. sold 5,732 shares. The insider’s holdings dropped to 55,587 shares worth approximately $12.71 million following the completion of this transaction.
Also, Fish James C Jr sold 44,405 shares, netting a total of over 10,143,621 in proceeds. Following the sale of shares at $228.43 each, the insider now holds 211,061 shares.
Before that, Fish James C Jr had added 44,405 shares to its account. In a trade valued at $10,143,620, the Officer bought Waste Management, Inc shares for $228.43 each.
As published in a research note from Scotiabank on January 27, 2025, Waste Management, Inc [WM] has been rated up from a Sector perform to a Sector outperform and the price target has been revised to $250 from $225. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in early October. As of October 03, 2024, William Blair has initiated its “an Outperform” rating for WM. Earlier on May 22, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for WM stock.
Analyzing WM Stock Performance
During the last five days, there has been a surge of approximately 0.07%. Over the course of the year, Waste Management, Inc shares have jumped approximately 13.33%. Shares of the company reached a 52-week high of $232.44 on 02/25/25 and a 52-week low of $199.69 on 01/02/25. A 50-day SMA is recorded $214.73, while a 200-day SMA reached $212.06. Nevertheless, trading volume fell to 1.07 million shares from 1.93 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 227.30, which, if violated, would cause prices to drop to 225.91. In the upper region, resistance lies at 230.52. The next price resistance is at 232.34. RSI (Relative Strength Index) is 65.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.95, which suggests the price will increase in the coming days. Percent R is at 42.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
