Waste Management stock slides 1.63% and underperforms competitors
Updated
Updated · MarketWatch · May 1
Waste Management stock slides 1.63% and underperforms competitors
6 articles · Updated · MarketWatch · May 1
Shares closed at $228.77 as the S&P 500 rose 0.29% to 7,230.12 and the Dow fell 0.31% to 49,499.27.
The decline ended a three-day winning streak and left the stock 7.80% below its 52-week high of $248.13 reached on 6 March.
Waste Management lagged peers including Ecolab, Republic Services and Clean Harbors, while trading volume of 1.3 million stayed about 800,000 below its 50-day average.
With record cash flow and a new buyback, why does Waste Management's stock still trade below its March peak?
As 'forever chemicals' face new rules, is Waste Management's landfill empire a future liability or an untapped opportunity?