Should You Buy Waste Connections Inc (WCN) Stock on Friday?

Waste Connections Inc (WCN) stock has risen 3.70% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Waste Connections Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WCN!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With WCN Stock Today?

Waste Connections Inc (WCN) stock is trading at $138.24 as of 11:08 AM on Friday, Dec 1, a gain of $2.73, or 2.01% from the previous closing price of $135.51. The stock has traded between $135.50 and $139.32 so far today. Volume today is below average. So far 529,103 shares have traded compared to average volume of 1,354,316 shares.

More About Waste Connections Inc

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm's Canadian segment. Click Here to get the full Stock Report for Waste Connections Inc stock.