Waste Management Inc. stock underperforms Thursday when compared to competitors despite daily gains – MarketWatch

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Shares of Waste Management Inc. WM, +0.45% inched 0.45% higher to $167.82 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.09% falling 0.09% to 4,076.57 and Dow Jones Industrial Average DJIA, -0.56% falling 0.56% to 34,395.01. This was the stock’s 11th consecutive day of gains. Waste Management Inc. closed $8.16 short of its 52-week high ($175.98), which the company achieved on August 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Ecolab Inc. ECL, +1.41% rose 1.41% to $151.94 and Republic Services Inc. RSG, +0.33% rose 0.33% to $139.75. Trading volume (1.8 M) remained 7,864 below its 50-day average volume of 1.8 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Sales of food and sundries climbed by double digits, while, non-food categories were largely lower, hurt by products like electronics and jewelry.

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