Shares of Waste Management Inc.
shed 2.85% to $161.31 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index
falling 1.03% to 4,620.64 and Dow Jones Industrial Average
falling 1.48% to 35,365.44. Waste Management Inc. closed $6.73 below its 52-week high ($168.04), which the company achieved on November 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Republic Services Inc.
fell 2.95% to $134.98, Waste Connections Inc.
fell 1.53% to $130.25, and Veolia Environnement S.A. ADR
fell 1.03% to $35.44. Trading volume (2.6 M) eclipsed its 50-day average volume of 1.6 M.