Updated
Updated · MarketWatch · May 8
Waste Management stock falls 2.75% and trails rivals
Updated
Updated · MarketWatch · May 8

Waste Management stock falls 2.75% and trails rivals

8 articles · Updated · MarketWatch · May 8
  • Shares closed at $215.37 on Friday as the S&P 500 rose 0.84% and the Dow Jones Industrial Average edged up 0.02%.
  • The stock lagged peers including Ecolab, down 0.91%, and Republic Services, down 0.76%, while Clean Harbors outperformed with a 3.11% gain.
  • Waste Management ended 13.20% below its 52-week high of $248.13 reached on 6 March, while trading volume of 2.5 million topped its 50-day average of 2.1 million.
With strong earnings and a positive outlook, why did Waste Management's stock tumble while the market and a key competitor surged?
Analysts see Waste Management as undervalued, so why have company insiders sold over $23 million in shares recently?
As 'forever chemical' rules tighten, can Waste Management's pivot to renewable energy and medical waste secure its future dominance?