Waste Management stock falls for fourth straight session
Updated
Updated · MarketWatch · May 6
Waste Management stock falls for fourth straight session
9 articles · Updated · MarketWatch · May 6
Shares dropped 1.77% to $220.52 on Wednesday, lagging a strong broader market as the S&P 500 rose 1.46% and the Dow gained 1.24%.
The stock finished 11.13% below its 52-week high of $248.13 reached on 6 March, while trading volume of 1.7 million was below its 50-day average.
Against peers, Ecolab rose 2.24%, while Republic Services fell 2.06% and Clean Harbors dropped 8.20%, leaving Waste Management's performance mixed within the sector.
With profits surging and dividends rising, why are insiders selling Waste Management stock as its price tumbles?
Can new green energy projects offset investor fears and reverse Waste Management's puzzling stock market decline?