Waste Management (WM.US) is a leading American waste management and environmental services company with a market capitalization of $65.19 billion as of August 4, 2023. Founded in 1968 by Wayne Huizenga and Dean Buntrock, the company began as a small garbage collection business. It went public in 1971. Over the years, it expanded through strategic acquisitions and organic growth to become one of the largest waste management companies globally.
Today, Waste Management offers a wide range of waste collection, disposal, recycling, and environmental solutions to residential, commercial, and industrial customers. The company is committed to sustainability and has been at the forefront of initiatives to reduce waste and promote recycling.
Within the past 5 years, Waste Management's stock price has seen significant fluctuations from its low of $83.22 in October 2018 to its high of $175.98 in August 2022.
One of the notable moments in Waste Management's history was the acquisition of Advanced Disposal Services in October 2020. This acquisition allowed Waste Management to expand its customer base and increase its market share in the waste management industry. As a result, Waste Management's stock price saw an upward trend following the acquisition.
When it comes to trading strategies for this stock, an example is swing trading, which involves holding a stock for a short period, typically a few days to a few weeks, to take advantage of price fluctuations. Traders may also consider using technical analysis tools and indicators to analyse this stock. One example is the moving averages, which may help traders identify trends in the stock price.
It is essential to consider Waste Management competitors before investing or trading its stock. They include:
- Republic Services Inc.: Republic Services Inc. (RSG.US) is one of the significant players in the industry, offering waste disposal services, recycling, and collection of hazardous waste. It operates in over 40 states in the US.
- Waste Connections Inc.: Waste Connections Inc. (WCN.US) is another significant player in the waste management industry, offering services such as waste collection, transfer, disposal, and recycling. It operates in the US and Canada.
- Stericycle Inc.: Stericycle Inc. (SRCL.US) is a company that specializes in providing solutions for regulated waste and compliance services. It offers services such as medical waste disposal, healthcare compliance services, and secure document destruction.
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