Waste Management (WM) Offering Possible 14.94% Return Over the Next 29 Calendar Days

Waste Management's most recent trend suggests a bullish bias. One trading opportunity on Waste Management is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 14.94% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $8.70 would be incurred if the stock dropped below the $110.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Waste Management is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Waste Management is bullish.

The RSI indicator is at 74.91 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Waste Management

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Waste Management Elects Sean Menke and Maryrose Sylvester to Board of Directors
Mon, 15 Mar 2021 23:32:00 +0000
Waste Management (NYSE: WM) announced today that Sean Menke, President and Chief Executive Officer of Sabre Corporation, and Maryrose Sylvester, former U.S. Managing Director and U.S. Head of Electrification for ABB Ltd., have been elected to its board of directors, effective immediately.

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Did You Participate In Any Of Waste Management's (NYSE:WM) Fantastic 118% Return ?
Thu, 25 Feb 2021 09:29:22 +0000
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd…

Waste Management Ramps Up Quarterly Dividend By 5.5%; Street Sees 17% Upside
Wed, 24 Feb 2021 07:57:57 +0000
Waste Management raised its quarterly cash dividend by 5.5% to $0.575 per share. This marks the waste management services provider’s 18th consecutive year of regular dividend increases. Waste Management (WM) announced that the new dividend will be paid on March 26, to shareholders of record as of March 12. The company’s annual dividend of $2.30 per share now reflects a dividend yield of 2.09%. On Feb. 18, Waste Management reported 4Q results. The company’s 4Q adjusted earnings declined 5% year-over-year to $1.13 per share but outpaced Street estimates of $1.11. Revenues increased 5.7% to $4.07 billion and exceeded analysts’ expectations of $3.98 billion. As for 2021, the company expects total revenue to increase 10.75-11.25%. (See Waste Management stock analysis on TipRanks) On Feb. 19, Oppenheimer analyst Noah Kaye maintained a Buy rating and a price target of $128 (16.5% upside potential) on the stock. The analyst said, “With key indicators supporting our view of accelerating organic growth for solid waste in FY22, we believe WM’s pull-forward of digitization investments (+ $50M y/y in FY21) could support market share gains and operating efficiencies as the post-COVID recovery takes shape.” Wall Street analysts are cautiously optimistic about the stock. The Moderate Buy consensus rating breaks down into 4 Buy ratings versus 5 Hold ratings. The average analyst price target stands at $129 and implies upside potential of more than 17% to current levels. Waste Management scores an 8 of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News: Sherwin-Williams Hikes Quarterly Dividend By 23.1%; Street Is Bullish Jack Henry Shores Up Quarterly Dividend By 7%; Street Sees 19% Upside Installed Building Initiates Quarterly Dividend; Street Is Bullish More recent articles from Smarter Analyst: Wendy’s Bumps Up Dividend By 29%; Street Sees 21% Upside Heska Posts Surprise Quarterly Profit As Sales Pop 91%; Shares Gain 4% Macy’s Beats 4Q Sales Estimates, Sees Recovery In 2021; Shares Drop 2.6% Crocs Posts Record Sales Quarter; Shares Sink 5%

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