Yahoo Finance StockCall Early Morning Insight into WM, CVA, RSG, and DAR
StockCall.com Provides Stock Research on Waste Management Inc., Covanta Holding Corporation., Republic Services Inc., and Darling International Inc.
New York City, New York -- (May 30, 2013)
The U.S. waste management industry has seen a sharp rise in M&A activity. Consolidation comes at a time when the industry is facing significant challenges as cash-strapped municipalities scale back their spending. Municipalities account for a significant portion of revenues at waste management companies. The industry, meanwhile, is focusing on removal of solid waste from landfills which is expected to be a key growth driver going forward. Shares in waste management companies ended mostly lower yesterday, tracking losses in the broad market which came under pressure amid concerns over the Federal Reserve’s bond buying program. The major movers in the sector includedWaste Management Inc. (NYSE:WM - News), Covanta Holding Corp (NYSE:CVA - News), Republic Services Inc. (NYSE:RSG - News), and Darling International Inc. (NYSE:DAR - News) which also closed in the red. StockCall has issued technical analysis and charting reports on WM, CVA, RSG, and DAR. Download these free reports now at
www.stockcall.com/todaysopinions
Waste Management Inc.’s stock ended lower yesterday, down 1.30% at $41.90. A total of 2.03 million shares were traded. With the wider market swaying sideways during the past five trading sessions, the company’s shares declined 1.16%. The stock has gained 25.22% so far this year. During Wednesday’s session, the stock traded between $30.82 and $43.00 while its 52 weeks trading range stands at $30.82 and $43.00. Waste Management commands market capitalization of $19.57 billion. Its stock is mildly volatile as implied by its beta of 0.56. The company’s stock gained 27.12% in the past 52 weeks. The stock is currently trading above its long-term moving average price of $40.02. Download the free research on WM today by registering at
www.StockCall.com/WM053013.pdf
Shares in Covanta Holding Corp showed mild loss on Wednesday, declining 0.43% to close at $20.68. A total of 1.11 million shares were traded during the session, while its average daily trading volume stands at 1.20 million. The stock oscillated between $20.49 and $20.89 yesterday. Over the past 5 trading days, the stock grew 2.73% while the markets wavered. So far this year, the share has gained 13.01%. Covanta’s shares have low volatility with beta of 0.61. The company commands market capitalization of $2.71 billion. It is currently above its short-term and long-term moving average price of $20.22 and $19.96 respectively. Sign up and have access to our free report on CVA at
www.StockCall.com/CVA053013.pdf
Republic Services Inc.’s stock ended lower yesterday, finishing 1.70% lower at $34.06. A total of 1.75 million shares were traded during the session with the stock’s usual trading volume standing at 1.66 million shares. In the past 52 weeks, the stock traded between $25.15 and $35.28. Republic Services commands market capitalization of $12.33 billion. Its stock is currently above its short-term and long-term moving average price of $34.09 and $34.07 respectively. The company’s stock trades at beta of 0.82, showing low volatility. The stock is up 27.04% in the past 52 weeks. Sign up and read the complimentary report on RSG at
www.StockCall.com/RSG053013.pdf
Shares in Darling International Inc. moved lower on Wednesday, following the trend shown by the broader market. The stock hit an intraday high of $19.61, before finishing the day 0.71% lower at $19.51. So far this year, the share has grown more than 25%, outperforming the S&P 500. The stock currently trades above both their 20- and 50-day moving average price of $18.86 and $18.09 respectively. Darling International saw turnover of 627,480 shares during yesterday’s trading session. Its beta of 1.79 implies high volatility. The stock traded in the range of $13.71 and $20.10 in the past 52 weeks. It commands market capitalization of $2.31 billion. The free report on DAR can be downloaded by signing up now at
www.StockCall.com/DAR053013.pdf
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