Large Inflow of Money Detected in Waste Connections

Waste Connections (WCN) stock had a bullish inflow of $6.47 million worth of trades on uptick and an outflow of $4.37 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.48. The net money flow into the stock was $2.1 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $2.57 million. $2.57 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Waste Connections (WCN) stock traded down $0.23 , and reached $76.86, a drop of -0.3% over the previous day. On a weekly basis, the stock is 0.29%, over the previous weeks close.


Also, Macquarie initiates coverage on Waste Connections (NYSE:WCN) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $89 per share. The rating by the firm was issued on August 25, 2016.

Waste Connections, Inc. has dropped 1.5% in the last five trading days, however, the shares have posted positive gains of 3.38% in the last 4 weeks. Waste Connections, Inc. is up 14.41% in the last 3-month period. Year-to-Date the stock performance stands at 37.08%.

Waste Connections (NYSE:WCN): The stock opened at $76.82 on Tuesday but the bulls could not build on the opening and the stock topped out at $77.31 for the day. The stock traded down to $76.41 during the day, due to lack of any buying support eventually closed down at $76.71 with a loss of -0.49% for the day. The stock had closed at $77.09 on the previous day. The total traded volume was 649,778 shares.

In a related news,The (EVP & COO) of Waste Connections, Inc., Chambliss Darrell W sold 2,000 shares at $77.42 on August 17, 2016. The Insider selling transaction had a total value worth of $154,840. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Waste Connections, Inc. is an integrated municipal solid waste (MSW) services company that provides solid waste collection, transfer, disposal and recycling services. It provides non-hazardous exploration and production (E&P), waste treatment, recovery and disposal services. The Company operates in four segments: Western, Central, Eastern and E&P. The Companys Western segment consists of locations in Alaska, California, Idaho, Montana, Nevada, Oregon, Washington and western Wyoming. The Companys Central segment consists of locations in Arizona, Colorado, Kansas, Louisiana, Minnesota, Nebraska, New Mexico, Oklahoma, South Dakota, Texas, Utah and eastern Wyoming. The Companys Eastern segment consists of locations in Alabama, Illinois, Iowa, Kentucky, Massachusetts, Michigan, Mississippi, New York, North Carolina, South Carolina and Tennessee. The Companys E&P segment consists of its E&P operations in Louisiana, New Mexico, North Dakota, Oklahoma, Texas, Wyoming and Gulf of Mexico.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.