Large Inflow of Money Detected in Waste Management

Waste Management (WM) : Mondays money flow data in Waste Management (WM) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $14.44 million, whereas, $11.89 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.22, in favor of the bulls. The total money flow into the stock was $2.56 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.34 million. The total value of block trades done on upticks was $3.33 million. The value of bearish trades on downticks was only $0.99 million.The up/down ratio in the block trades was a healthy 3.36 in favor of the bulls, suggesting strong buying in the stock by large traders. Waste Management (WM) fell $0.37 and traded at $66.31, down -0.55% for the day, over previous days close. On a weekly basis, the shares are 0.51% over the previous weeks close.


Shares of Waste Management, Inc. appreciated by 1.1% during the last five trading days but lost 1.81% on a 4-week basis. Waste Management, Inc. is up 8.51% in the last 3-month period. Year-to-Date the stock performance stands at 25.84%.

Waste Management (NYSE:WM): The stock opened at $66.65 on Monday but the bulls could not build on the opening and the stock topped out at $66.89 for the day. The stock traded down to $66.22 during the day, due to lack of any buying support eventually closed down at $66.23 with a loss of -0.66% for the day. The stock had closed at $66.67 on the previous day. The total traded volume was 1,352,236 shares.

In a related news,The officer (Pres, Chief Financial Officer) of Waste Management Inc, Fish James C Jr sold 7,400 shares at $66.59 on August 11, 2016. The Insider selling transaction had a total value worth of $492,766. The Insider information was disclosed with 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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