On a relative basis, the stock has outperformed the S&P 500 by 1.58% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The 4-week change in the price of the stock is -0.47% and the stock has fallen -2.33% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.54% and the 50-Day Moving Average is 5.83%.The 200 Day SMA reached 4.46% Covanta Holding Corporation has dropped 9.55% during the last 3-month period . Year-to-Date the stock performance stands at -2.23%.
Covanta Holding Corporation (CVA) : The highest level Covanta Holding Corporation (CVA) is projected to reach is $21 for the short term and the lowest estimate is at $16. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $18.38 and the possibility the share price can swing is $1.58.
For the current week, the company shares have a recommendation consensus of Buy. Covanta Holding Corporation (NYSE:CVA): stock was range-bound between the intraday low of $14.67 and the intraday high of $15.04 after having opened at $14.91 on Fridays session. The stock finally closed in the red at $14.91, a loss of -2.07%. The stock remained in the red for the whole trading day. The total traded volume was 982,538 shares. The stock failed to cross $15.04 in Fridays trading. The stocks closing price on Thursday was $14.69.
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.