Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Waste Management, Inc shares valued at $941,182 were sold by Rankin Devina A on Mar 05 ’25. At $228.11 per share, Rankin Devina A sold 4,126 shares. The insider’s holdings dropped to 62,639 shares worth approximately $14.43 million following the completion of this transaction.
Also, Hemmer Tara J. sold 3,094 shares, netting a total of over 705,772 in proceeds. Following the sale of shares at $228.11 each, the insider now holds 53,663 shares.
Before that, Watson Michael J. had sold 1,547 shares from its account. In a trade valued at $352,886, the Sr. VP-Chief Customer Officer traded Waste Management, Inc shares for $228.11 each. Upon closing the transaction, the insider’s holdings decreased to 1,547 shares, worth approximately $10.15 million.
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 0.74%. Over the course of the year, Waste Management, Inc shares have jumped approximately 14.17%. Shares of the company reached a 52-week high of $235.81 on 03/03/25 and a 52-week low of $199.69 on 01/02/25. A 50-day SMA is recorded $216.79, while a 200-day SMA reached $212.58.
Support And Resistance Levels for Waste Management, Inc (WM)
According to the 24-hour chart, there is a support level at 228.37, which, if violated, would cause prices to drop to 226.34. In the upper region, resistance lies at 231.74. The next price resistance is at 233.08. RSI (Relative Strength Index) is 61.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.73, which suggests the price will increase in the coming days. Percent R is at 45.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
