A range of noteworthy developments have been reported for
Waste Management (WM). Critically, allegations of overcharging a thrift store for years have surfaced. In contrast, WM has been highlighted as an
anti-recession stock outperforming the S&P 500. The firm is extending its portfolio with the acquisition of
Winters Bros. Waste and
Stericycle at $7.2 Billion, boosting WM's entry into the medical waste business. Additionally, WM has exhibited growth in its Q1 and Q2 earnings. Despite missing Q1 2024 revenue estimates, EPS has increased. Institutional ownership stands strong at 83%, suggesting robust backing. Furthermore, WM's shares have gained 30% in 6 months and 29% in one year. The company's adoption of technology and cost optimization tactics have outperformed expectations. Amid this, investors are advised to retain WM in their portfolios. Additionally, WM is pursuing sustainability prospects and shows promising growth based on key metrics. Despite some fluctuations, the stock maintains an upward trend, signalling WM as a top long-term growth stock. Interestingly, WM insiders recently sold US$26m of shares.
Waste Management WM News Analytics from Mon, 12 Feb 2024 08:00:00 GMT to Sun, 25 Aug 2024 19:45:48 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -2
