Why Waste Management Stock Is Sinking Today
Shares of North America's largest garbage and recycling collection company, Waste Management (NYSE: WM), were down 4% as of 2 p.m. ET on Monday, according to data provided by S&P Global Market Intelligence.While this is not a dramatic drop in and of itself, it stands in stark contrast to the S&P 500 soaring 3% higher today on news of a potential trade deal between the United States and China.In simplest terms, nothing actually changed with Waste Management or its operations as a whole today.Continue reading
Shares of North America's largest garbage and recycling collection company, Waste Management (NYSE: WM), were down 4% as of 2 p.m. ET on Monday, according to data provided by S&P Global Market Intelligence.
While this is not a dramatic drop in and of itself, it stands in stark contrast to the S&P 500 soaring 3% higher today on news of a potential trade deal between the United States and China.
In simplest terms, nothing actually changed with Waste Management or its operations as a whole today.
