Shares of Waste Management Inc. WM rallied 3.28% to $157.82 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.79% to 4,328.87 and Dow Jones Industrial Average DJIA falling 0.53% to 33,614.80. This was the stock’s fourth consecutive day of gains. Waste Management Inc. closed $10.22 short of its 52-week high ($168.04), which the company achieved on November 29th.
The stock outperformed some of its competitors Friday, as Republic Services Inc. RSG rose 2.95% to $129.97, Waste Connections Inc. WCN rose 3.09% to $134.83, and Veolia Environnement S.A. ADR VEOEY fell 8.75% to $27.75. Trading volume (2.6 M) eclipsed its 50-day average volume of 2.1 M.