Waste Management Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Waste Management Inc. (WM) shed 1.00% to $162.58 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.75% to 4,634.09 and Dow Jones Industrial Average falling 0.30% to 35,544.18. This was the stock's second consecutive day of losses. Waste Management Inc. closed $5.46 below its 52-week high ($168.04), which the company reached on November 29th.
The stock underperformed when compared to some of its competitors Tuesday, as Republic Services Inc. (RSG) fell 0.51% to $135.47, Waste Connections Inc. (WCN.T) fell 0.52% to $131.13, and Veolia Environnement S.A. ADR fell 0.88% to $34.76. Trading volume (2.0 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 14, 2021.
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December 14, 2021 17:32 ET (22:32 GMT)
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