Waste Management (WM) has been under a strong bear grip, hence the stock is down -2.33% 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 0.09% in the past 1 week. The stock has risen by 0.59% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.46% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.41% and the 50-Day Moving Average is 2.49%.The 200 Day SMA reached 9.85%. Waste Management, Inc. is up 4.08% in the last 3-month period. Year-to-Date the stock performance stands at 22.27%.
Waste Management (NYSE:WM): After opening at $64.32, the stock dipped to an intraday low of $64.08 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $64.62 and the buying power remained strong till the end. The stock closed at $64.35 for the day, a gain of 0.55% for the day session. The total traded volume was 1,513,997. The stocks close on the previous trading day was $64.
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.