Large Outflow of Money Witnessed in Waste Management

Waste Management (WM) : Net money flow in Waste Management (WM) was negative ($8.15 million) and the inflow of money on uptick was $22.19 million, whereas, the outflow of money on downticks amounted to $30.34 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.73. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $1.89 million. On the other hand, the total value of block trades done on downticks was $12.01 million. The ratio of uptick to downtick block trades was 0.16. The money flow in block trades was negative ($10.12). Waste Management (WM) gained $0.06 cent during the day and reached $67.24, a gain of 0.08% over the previous day.


Waste Management (WM) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $75 and the lowest price target forecast is $60. The average forecast of all the analysts is $67.86 and the expected standard deviation is $5.7.

Waste Management (NYSE:WM): stock turned positive on Friday. Though the stock opened at $67.28, the bulls momentum made the stock top out at $67.5 level for the day. The stock recorded a low of $67.04 and closed the trading day at $67.2, in the green by 0.03%. The total traded volume for the day was 2,397,579. The stock had closed at $67.18 in the previous days trading.

In a related news, The director, of Waste Management Inc, Reum W Robert had unloaded 771 shares at $67.58 per share in a transaction on July 18, 2016. The total value of transaction was $52,104. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Waste Management, Inc. is a holding company. The Company, through its subsidiaries, provides waste management environmental services. The Companys Solid Waste business is operated and managed locally by its subsidiaries that focus on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services. The Company develops, operates and owns landfill gas-to-energy facilities in the United States. The Companys segments include Tier 1, which comprises areas in the Southern United States; Tier 2, which comprises areas located in the Midwest and Northeast United States, and Tier 3, which encompasses the remaining areas, including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The Company owns or operates 252 landfill sites. It manages 298 transfer stations that consolidate, compact and transport waste.

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