Waste Connections Shares Decline 0.13% Amidst Market Gains

Shares of Waste Connections Inc. (WCN) experienced a slight decline of 0.13%, closing at C$248.80, during a generally positive trading day for the Canadian market. Despite this dip, the stock remains 12.6% below its 52-week high of C$284.73 reached in early April. Institutional investors have shown increased confidence in Waste Connections, with DAVENPORT & Co LLC raising its stake by 37.3% to 1,796 shares worth $350,000 in the first quarter, alongside other hedge funds also increasing their holdings. This activity indicates continued interest from major financial entities in the company’s stock. The market data and trading information reflect typical fluctuations, with no major changes in the company’s business fundamentals reported. Waste Connections operates in the business services sector, providing waste management solutions and related services.