WM

+2.9%🔴 Potential overreaction

Waste Management, Inc. · Industrials

$221.98Vol 2.89M · 2.4× normalMkt cap +$2.49Blive · 2026-10-15 ET

What happened

Move

+2.9%

Price

$221.98

Volume

2.89M

2.4× normal

Market cap

$88.73B

+$2.49B today

Why it moved

Analyst downgradelow confidence

Morgan Stanley Maintains Equal-Weight on Waste Management, Lowers Price Target to $220 — finnhub-news

Weak signal: analyst downgrade, 2.7pp above its sector, on 2.4× normal volume.

Verdict — was the move justified?

🔴 Potential overreaction

A 2.9σ move well beyond the sector with no identified fundamental or news driver — the reaction appears larger than currently visible evidence justifies. Likely flow/positioning-driven.

How unusual is this move

σ score

2.9σ

vs own 20d volatility

Percentile

97th

of 1276 daily moves

Avg daily move

±0.9%

own 5y average

vs sector

+2.7%

beyond sector median

Today’s move is among the largest 3% of WM’s daily moves over the last 5 years — while the sector moved +0.2% and the market +1.2%.

What happened after similar moves

57 similar up moves in WM’s 5-year history:

After 5 days

+0.4%

54% higher

After 20 days

+2.0%

56% higher

Median of same-direction moves within ±35% magnitude band. Past patterns don’t predict outcomes — context, not signal.

Fundamental context

V 69G 69P 77H 39Q 100EW 34/65

Insider activity (90d): net selling $300.2K

Valuation context

P/E (TTM)

30.2

5y median 37.8

P/E percentile

vs own 5y history

FCF yield

0.0%

Trading cheaper than 95% of its own historical valuation range.

Full fundamental analysis on PreMarketPrice

Pillar scores, financial statements, valuation history, news & more for WM

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