Large Inflow of Money Detected in Waste Management

Waste Management (WM) : $4.48 million worth of transactions were on upticks in Waste Management (WM), compared to $2.82 million on downticks. The ratio between the two was 1.59, whereas, the net money flow stood at a healthy $1.66 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $1.77million worth of trades. The total money flow into the stock stood at $1.77 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.37%. The stock was trading at $64.14, with a drop of $0.24 over the previous days close. The stock recorded 0.26% for the week.


Also, Macquarie initiates coverage on Waste Management (NYSE:WM) The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency announces the price target to $69 per share. The rating by the firm was issued on August 25, 2016.

Waste Management, Inc. has lost 1.88% in the last five trading days and dropped 3.66% in the last 4 weeks. Waste Management, Inc. is up 5.03% in the last 3-month period. Year-to-Date the stock performance stands at 21.7%.

Waste Management (NYSE:WM): The stock opened at $64.52 on Tuesday but the bulls could not build on the opening and the stock topped out at $64.52 for the day. The stock traded down to $63.84 during the day, due to lack of any buying support eventually closed down at $64.05 with a loss of -0.50% for the day. The stock had closed at $64.37 on the previous day. The total traded volume was 1,671,396 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr VP Field Operations) of Waste Management Inc, Morris John J had sold 12,738 shares worth of $850,262 in a transaction dated August 12, 2016. In this transaction, 12,738 shares were sold at $66.75 per share.

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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