Waste Management (WM) stock is expected to deviate a maximum of $4.02 from the average target price of $64.86 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $72 and the most muted being $60.
Waste Management (WM) has shown a rise of 7.5% or 399,193 shares in the short positions. The bets have increased to 5,717,955 shares on June 30,2016 from 5,318,762 shares on June 15,2016. With respect to the floated shares, the shorts are 1.3%. The days to cover are calculated to be 2, using the standard per day volume of 2,343,779 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Oppenheimer initiates coverage on Waste Management (NYSE:WM) The shares have been rated Outperform. The rating by the firm was issued on May 5, 2016.
Waste Management (NYSE:WM): stock turned positive on Thursday. Though the stock opened at $68.12, the bulls momentum made the stock top out at $68.47 level for the day. The stock recorded a low of $67.69 and closed the trading day at $67.9, in the green by 0.13%. The total traded volume for the day was 2,415,173. The stock had closed at $67.81 in the previous days trading.
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.