Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Waste Connections Inc shares valued at $581,219 were sold by Cloninger Robert Michael on Feb 25 ’25. At $188.89 per share, Cloninger Robert Michael sold 3,077 shares. The insider’s holdings dropped to 11,666 shares worth approximately $2.17 million following the completion of this transaction.
Also, RIVARD PHILIP sold 5,000 shares, netting a total of over 946,700 in proceeds. Following the sale of shares at $189.34 each, the insider now holds 62 shares.
Before that, ANDREA E. BERTONE had added 283 shares to its account. In a trade valued at $52,279, the Director bought Waste Connections Inc shares for $184.73 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 drop of approximately -0.81%. Over the course of the year, Waste Connections Inc shares have jumped approximately 8.59%. Shares of the company reached a 52-week high of $191.57 on 02/14/25 and a 52-week low of $169.36 on 01/03/25. A 50-day SMA is recorded $180.60, while a 200-day SMA reached $179.34. Nevertheless, trading volume fell to 0.84 million shares from 0.73 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 185.45, which, if violated, would cause prices to drop to 184.59. In the upper region, resistance lies at 187.82. The next price resistance is at 189.33. RSI (Relative Strength Index) is 51.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 50.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
