Waste Management has been making significant moves in the market recently. The company is reportedly close to acquiring
Stericycle whereas it is exploring a potential $3 billion sale of its renewable natural gas unit. Interestingly,
Accretive Wealth Partners LLC sold their shares in the company.
Waste Management reported considerable growth in its
Q1 2024 earnings. It also maintained strong
profit numbers as it closed out 2023, consequently its shares saw gains of 30% in six months and 37% in a year. The significant
institutional backing with 83% ownership indicates strong market confidence. With a solid record of surpassing earnings and revenue estimates, the company has been identified as a top growth and momentum stock. The city is exploring creating its own waste division, while Waste Management will continue to handle garbage and recycling duties. Despite the competition,
Waste Management continues to grow, thanks to effective strategies. Despite challenges, the firm reported strong Q4 and Full-Year 2023 earnings. Lastly, investors who invested in the company five years ago reported an impressive 122% gain.
Waste Management WM News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Sun, 02 Jun 2024 22:42:37 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -2
