Notable News to Watch: Casella Waste Systems (NASDAQ:CWST)

Casella Waste Systems (NASDAQ:CWST) stock observed trading -3.24% off 52-week high price. On the other end, the stock has been noted 64.04% away from low price over the last 52-weeks. The stock disclosed a move of 6.93% away from 50 day moving average and 21.84% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.98% off 20-day moving average. It has market cap of $1877.61M .

Casella Waste Systems (NASDAQ:CWST), a regional vertically integrated solid waste, recycling and resource management services company, disclosed that it has signed an Asset Purchase Agreement to purchase select solid waste assets in Albany, NY and Cheshire, MA from certain subsidiaries of Republic Services

The target assets to be acquired generate approximately $30 million of annualized revenues.  The transaction is expected to close by the end of the third quarter and remains subject to customary conditions precedent to closing.

John W. Casella, Chairman and CEO of Casella Waste Systems said “We are excited to work with Republic and their employees to successfully close this acquisition in an efficient manner”. “These markets are a natural fit to our existing operations, and we look forward to welcoming Republic’s hard-working employees to our team and maintaining the same excellent service standards for their customers.”

The USA based company Casella Waste Systems moved with change of -1.80% to $40.37 with the total traded volume of 189237 shares in recent session versus to an average volume of 241.48K. The stock was observed in the 5 days activity at 2.62%. The one month performance of stock was 3.78%. CWST’s shares are at 15.67% for the quarter and driving a 55.75% return over the course of the past year and is now at 41.70% since this point in 2018.  Right now the stock beta is 0.85. The average volatility for the week and month was at 2.89% and 2.24% respectively. There are 46.51M shares outstanding and 44.22M shares are floated in market.


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