WM slides 4.1% as traders take profits after a recent run-up

WM (WM) is down 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears more consistent with profit-taking and a pullback from an overbought setup than with a single, clearly identifiable fundamental catalyst. WM shares had recently been trading near record levels, and some investors may be trimming positions after the run. A recent SEC filing on executive equity awards may also have added incremental supply/valuation chatter, though it is not typically a primary driver on its own.

Details:

WM shares recently touched an all-time high, which can set up a sharp reversal when broader risk appetite cools or buyers step back.

A trading note circulated pointing to an overbought technical condition (e.g., elevated RSI) and recommended reducing exposure, which can accelerate short-term selling pressure.

WM filed an 8-K dated March 3, 2026 detailing annual incentive awards, performance share units, and stock options granted to named executives, including the option grant exercise price of $241.55.

Separately, WM has highlighted shareholder-return actions (dividend increase and a new share-repurchase authorization), which may have helped lift the stock into recent highs but do not prevent near-term pullbacks.

Sources:

SEC, Investing.com, TheStreet Pro

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WM Insider Trading Activity

$WM insiders have traded $WM stock on the open market 29 times in the past 6 months. Of those trades, 1 have been purchases and 28 have been sales.

Here’s a breakdown of recent trading of $WM stock by insiders over the last 6 months:

JAMES C JR FISH (Chief Executive Officer) has made 0 purchases and 3 sales selling 36,753 shares for an estimated $8,469,157.
MICHAEL J. WATSON (Sr. VP-Chief Customer Officer) has made 0 purchases and 3 sales selling 17,938 shares for an estimated $4,322,506.
DONALD J SMITH (Sr. VP - Operations) has made 0 purchases and 3 sales selling 12,884 shares for an estimated $2,998,568.
RAFAEL CARRASCO (SVP of Enterprise Strategy) has made 0 purchases and 3 sales selling 9,422 shares for an estimated $2,174,708.
JOHN J MORRIS (President & COO) has made 0 purchases and 2 sales selling 8,669 shares for an estimated $2,106,858.
TARA J. HEMMER (SVP & Chief Sustainability Off) has made 0 purchases and 2 sales selling 5,508 shares for an estimated $1,316,733.
SEAN E MENKE purchased 2,000 shares for an estimated $392,840
JOHN A. CARROLL (VP & Chief Accounting Officer) has made 0 purchases and 3 sales selling 1,278 shares for an estimated $296,430.
JOHNSON VARKEY (SVP-Chief Information Officer) has made 0 purchases and 2 sales selling 1,045 shares for an estimated $244,631.
CHARLES C BOETTCHER (EVP, Chief Legal Officer) sold 689 shares for an estimated $151,111
DAVID L. REED (EVP & CFO) has made 0 purchases and 3 sales selling 328 shares for an estimated $72,621.
CHRISTOPHER P. DESANTIS (SVP Operations - East) sold 215 shares for an estimated $47,052
KIMBERLY G. STITH (SVP - Chief HR Officer) has made 0 purchases and 2 sales selling 178 shares for an estimated $39,591.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$WM Hedge Fund Activity

We have seen 1,043 institutional investors add shares of $WM stock to their portfolio, and 1,026 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 9,015,710 shares (-75.0%) from their portfolio in Q4 2025, for an estimated $1,980,841,644
GATES FOUNDATION TRUST removed 3,300,000 shares (-10.2%) from their portfolio in Q3 2025, for an estimated $728,739,000
LAZARD ASSET MANAGEMENT LLC removed 1,208,061 shares (-46.7%) from their portfolio in Q4 2025, for an estimated $265,423,082
SG AMERICAS SECURITIES, LLC added 1,143,109 shares (+25809.6%) to their portfolio in Q4 2025, for an estimated $251,152,478
ALLIANCEBERNSTEIN L.P. added 1,102,856 shares (+277.8%) to their portfolio in Q4 2025, for an estimated $242,308,491
AMERIPRISE FINANCIAL INC added 1,015,638 shares (+17.9%) to their portfolio in Q4 2025, for an estimated $223,145,824
MORGAN STANLEY removed 950,446 shares (-12.5%) from their portfolio in Q4 2025, for an estimated $208,822,490

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$WM Government Contracts

We have seen $5,422 of award payments to $WM over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

TRASH AND RECYCLE COLLECTION FOR COLUMBIA SITE: $5,422

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$WM Congressional Stock Trading

Members of Congress have traded $WM stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $WM stock by members of Congress over the last 6 months:

REPRESENTATIVE RICK LARSEN purchased up to $15,000 on 01/07.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 09/26.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$WM Analyst Ratings

Wall Street analysts have issued reports on $WM in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Stifel issued a "Buy" rating on 01/30/2026
Wells Fargo issued a "Overweight" rating on 01/30/2026
Barclays issued a "Overweight" rating on 01/20/2026
Oppenheimer issued a "Outperform" rating on 12/16/2025
JP Morgan issued a "Overweight" rating on 12/01/2025
Goldman Sachs issued a "Buy" rating on 11/24/2025
Baird issued a "Outperform" rating on 11/04/2025

To track analyst ratings and price targets for $WM, check out Quiver Quantitative's $WM forecast page.

$WM Price Targets

Multiple analysts have issued price targets for $WM recently. We have seen 16 analysts offer price targets for $WM in the last 6 months, with a median target of $255.5.

Here are some recent targets:

James Schumm from TD Cowen set a target price of $270.0 on 01/30/2026
Noah Kaye from Oppenheimer set a target price of $264.0 on 01/30/2026
Sabahat Khan from RBC Capital set a target price of $235.0 on 01/30/2026
Shlomo Rosenbaum from Stifel set a target price of $252.0 on 01/30/2026
Jerry Revich from Wells Fargo set a target price of $250.0 on 01/30/2026
Konark Gupta from Scotiabank set a target price of $250.0 on 01/21/2026
William Grippin from Barclays set a target price of $265.0 on 01/20/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.