WM Stock Summary and Trading Ideas (Waste Management | NYSE:WM)

WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 263 active landfills and about 332 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.

Waste Management trades on the NYSE stock market under the symbol WM.

As of May 13, 2024, WM stock price declined to $210.82 with 1,192,247 million shares trading.

WM has a beta of 0.40, meaning it tends to be less sensitive to market movements. WM has a correlation of 0.10 to the broad based SPY ETF.

WM has a market cap of $84.56 billion. This is considered a Large Cap stock.

Last quarter Waste Management reported $5 billion in Revenue and $1.75 earnings per share. This fell short of revenue expectation by $-51 million and exceeded earnings estimates by $.25.

In the last 3 years, WM stock traded as high as $214.54 and as low as $136.97.

The top ETF exchange traded funds that WM belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

WM has underperformed the market in the last year with a price return of +25.3% while the SPY ETF gained +27.8%. However, in the short term, WM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.0% vs +4.3% return in SPY. But in the last 2 weeks, WM shares have been beat by the market, returning +0.3% compared to an SPY return of +2.5%.

WM support price is $209.62 and resistance is $213.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WM stock will trade within this expected range on the day.