Gates-backed investment fund ups stake in Republic Services Group

By Bobby Raines,

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Bobby Raines 06/23/2014

Cascade Investments, an investment company controlled by Bill Gates, bought 1,394,175 shares of Republic Services Group ( RSG ), of which it was already a beneficial owner, between June 12 and June 18. Cascade paid a total of $51,286,190.65 for the new shares.

IK-> The technicals for RSG ($37.30 down $0.28) are bullish with an upward trend. Recent support has been around $35.42 and recent resistance has been near $37.58. Standard & Poor's has a four STARS (out of five) ranking on the stock. Look at the Oct. 32/35 bull-put spread for a 25-cent credit. That's a 9.1% return and the stock has to fall 6.2% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Options
Referenced Stocks: RSG

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