Covanta Holding Corporation (CVA) : During the past 4 weeks, traders have been relatively bearish on Covanta Holding Corporation (CVA), hence the stock is down -7.47% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.14% relative to the S&P 500. The 4-week change in the price of the stock is -4.36% and the stock has fallen -5.21% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.21% and the 50-Day Moving Average is 2.55%. Covanta Holding Corporation is up 0.03% in the last 3-month period. Year-to-Date the stock performance stands at 6.62%.
Covanta Holding Corporation (NYSE:CVA): stock turned positive on Friday. Though the stock opened at $15.94, the bulls momentum made the stock top out at $16.05 level for the day. The stock recorded a low of $15.8 and closed the trading day at $16.02, in the green by 0.13%. The total traded volume for the day was 1,360,774. The stock had closed at $16 in the previous days trading.
Covanta Holding Corporation is a holding company. Through its subsidiaries, the Company owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. Energy-from-waste (EfW) serves two markets as both a sustainable waste management solution and as a source of clean energy. The Company operate and/or have ownership positions in 46 EfW facilities, which are primarily located in North America, and 11 additional energy generation facilities, including other renewable energy production facilities in North America (wood biomass and hydroelectric). In total, these assets produce approximately 10 million megawatt hours (MWh) of baseload electricity. The Company also operates a waste management infrastructure, including 18 transfer stations. The Company also operates, and in some cases has ownership interests in, transfer stations and landfills.