Gates-backed investment fund ups stake in Republic Services Group

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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.

Originally published on InvestorsObserver.com



This article appears in: Investing , Options


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