Waste Management, Inc. ( WM ) was a big mover last session, as the company saw its shares rise over 5% on the day. The upside came after the company announced on higher fourth-quarter profit and a positive outlook for 2015. This led to far more shares changing hands than in a normal session resulting in solid volume. This also reverses the recent trend of the company, as the stock is now trading above the volatile price range of $51.29 to $53.21 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of two increase and one decrease over the past one month, while the Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this waste removal stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Waste Management currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the broad business services sector is The ADT Corporation ( ADT ), sporting a Zacks Rank #1 (Strong Buy).
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