Republic Services (RSG) has been under a strong bear grip, hence the stock is down -2.23% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.12% in the past 1 week. The stock has risen by 1.17% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.22% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 1.84%. Republic Services (NYSE:RSG): On Fridays trading session , Opening price of the stock was $51.81 with an intraday high of $51.99. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $51.555. However, the stock managed to close at $51.71, a loss of 0.19% for the day. On the previous day, the stock had closed at $51.81. The total traded volume of the day was 826,183 shares.
The company Insiders own 0.5% of Republic Services shares according to the proxy statements. Institutional Investors own 60.62% of Republic Services shares. During last six month period, the net percent change held by insiders has seen a change of -35.57%. Also, Major Brokerage house, Barclays maintains its ratings on Republic Services (NYSE:RSG). In the latest research report, Barclays raises the target price from $52 per share to $56 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 9, 2016.
Republic Services, Inc. is a provider of services in the domestic non-hazardous solid waste services industry. The Company provides non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers. The Company operates three geographic operating regions that are also its segments: East, Central and West. Each region is organized into several areas and each area contains multiple business units or operating locations. The Company has approximately 340 collection operations, owned or operated 198 transfer stations, 189 active solid waste landfills and 60 recycling centers. It also operates approximately 72 landfill gas and renewable energy projects. The Company operates in 39 states and Puerto Rico. The Company provides collection, transfer, recycling and landfill services in all its regions.