Waste Management Approaches Oversold Conditions

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Waste Management, Inc. (WM) shares closed trading on Friday at $152.11 per share, entering oversold territory with a Relative Strength Index (RSI) of 29.3. This is below the common oversold threshold of 30 and significantly lower than the average RSI of 42.9 among covered dividend stocks.

The company offers an annual dividend of $2.8 per share, equating to a yield of 1.81% at a recent share price of $154.44. The drop in share price presents potential buying opportunities for dividend investors.

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