Waste Connections (NYSE:WCN) has tumbled 3.4% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.17% in the last four weeks. The stocks have underperformed the S&P 500 by 2.24% during the past week but Waste Connections (NYSE:WCN) it has outperformed the index in 4 weeks by 0.25%.
Waste Connections (NYSE:WCN): The stock opened at $72.22 on Friday but the bulls could not build on the opening and the stock topped out at $72.49 for the day. The stock traded down to $70.50 during the day, due to lack of any buying support eventually closed down at $71.00 with a loss of -1.99% for the day. The stock had closed at $72.44 on the previous day. The total traded volume was 1,849,957 shares.
The company shares have rallied 46.15% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $74.23 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $69.77 and the 200 Day Moving Average price is recorded at $62.56.
On the companys insider trading activities, The (Sr. VP, General Counsel & Sec), of Waste Connections, Inc., Shea Patrick James had unloaded 5,000 shares at $73.05 per share in a transaction on June 10, 2016. The total value of transaction was $365,250. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. RBC Capital initiates coverage on Waste Connections (NYSE:WCN). The shares have now been rated Outperform by the stock experts at the ratings house. RBC Capital announces the current price target of $82 per share on Waste Connections . The rating by the firm was issued on June 6, 2016. Currently the company Insiders own 0.68% of Waste Connections shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.29% . During last six month period, the net percent change held by insiders has seen a change of -6.29%.
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.