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Waste Management Inc. (WM) Dropped Following Downgrade

Stifel Nicolaus downgraded its rating on shares of Waste Management Inc. (WM) Wednesday morning to "Hold" from "Buy."

Waste Management gapped open lower Wednesday and dropped sharply during the first half hour of trade. The stock settled into a range for the rest of the session and closed down by 2.95 at $76.33 on the highest volume of the year. Waste Management droped to a 3-week low and fell below its 50-day moving average.

by RTT Staff Writer

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