Republic Services (NYSE:RSG) has tumbled 0.65% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.27% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.55% and the outperformance has advanced to 2.33% for the last 4 weeks period.
Republic Services (NYSE:RSG): The stock opened at $50.00 on Friday but the bulls could not build on the opening and the stock topped out at $50.00 for the day. The stock traded down to $49.16 during the day, due to lack of any buying support eventually closed down at $49.25 with a loss of -1.36% for the day. The stock had closed at $49.93 on the previous day. The total traded volume was 2,153,280 shares.
The company shares have rallied 22.12% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $50.00 and the one year low was seen on Jun 29, 2015. The 50-Day Moving Average price is $48.43 and the 200 Day Moving Average price is recorded at $46.07.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP/Chief Legal Officer/Secret) of Republic Services, Inc., Rissman Michael P had sold 61,768 shares worth of $3,051,957 in a transaction dated June 10, 2016. In this transaction, 61,768 shares were sold at $49.41 per share.
Many analysts have stated their opinion on the company shares. Argus Research initiates coverage on Republic Services (NYSE:RSG) The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency announces the price target to $50 per share. The rating by the firm was issued on May 18, 2016. Currently the company Insiders own 0.5% of Republic Services shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -35.57% . Institutional Investors own 61.8% of Republic Services shares. During last six month period, the net percent change held by insiders has seen a change of -36.11%.
Republic Services, Inc. is a provider of services in the domestic non-hazardous solid waste services industry. The Company provides non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers. The Company operates three geographic operating regions that are also its segments: East, Central and West. Each region is organized into several areas and each area contains multiple business units or operating locations. The Company has approximately 340 collection operations, owned or operated 198 transfer stations, 189 active solid waste landfills and 60 recycling centers. It also operates approximately 72 landfill gas and renewable energy projects. The Company operates in 39 states and Puerto Rico. The Company provides collection, transfer, recycling and landfill services in all its regions.