Shares of Waste Management (WM) Sees Large Outflow of Money

Waste Management (WM) : The total money flow in Waste Management (WM) was negative ($3.28 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $9.85 million. Transactions on upticks were comparatively lower at $6.57 million. The uptick to downtick ratio was 0.67. The total block trades on downticks were valued at $3.66 million. The money flow during block trades was negative ($3.66 million) when the stock traded with a gain of $3 cent. Waste Management (WM) was $67.65, an increase of 0.04% over the previous days close.


Also, Oppenheimer initiates coverage on Waste Management (NYSE:WM). The current rating of the shares is Outperform, according to the research report released by the firm. The rating by the firm was issued on May 5, 2016.

Waste Management (NYSE:WM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.56 and $67.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.77, notching a gain of 0.22% for the day. The total traded volume was 1,116,215 . The stock had closed at $67.62 on the previous day.

The stock has recorded a 20-day Moving Average of 2.63% and the 50-Day Moving Average is 7.11%. 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.

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