Waste Management (WM) has risen sharply, recording gains of 7.66% in the past 4 weeks. However, the stock has corrected -0.24% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.15% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 3.21% and the 50-Day Moving Average is 7.36%.
Waste Management (NYSE:WM): The stock opened at $68.06 on Friday but the bulls could not build on the opening and the stock topped out at $68.09 for the day. The stock traded down to $67.19 during the day, due to lack of any buying support eventually closed down at $67.45 with a loss of -0.66% for the day. The stock had closed at $67.90 on the previous day. The total traded volume was 2,304,126 shares.
The company Insiders own 0.42% of Waste Management shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.06% . Institutional Investors own 76.66% of Waste Management shares. During last six month period, the net percent change held by insiders has seen a change of -6.71%. In a related news, The Securities and Exchange Commission has divulged that Schwartz Mark E., officer (Sr. VP, Human Resources) of Waste Management Inc, had unloaded 001 shares at an average price of $60.76 in a transaction dated on May 20, 2016. The total value of the transaction was worth $061.
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.