Shares of Waste Management Inc. WM rallied 1.93% to $157.96 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. This was the stock's third consecutive day of gains. Waste Management Inc. hit a new 52-week high, surpassing its previous peak of $156.74, which the company achieved on September 13th.
The stock outperformed some of its competitors Thursday, as Republic Services Inc. RSG rose 1.66% to $128.65, Waste Connections Inc. WCN rose 1.90% to $130.96, and Veolia Environnement S.A. ADR VEOEY fell 0.04% to $31.41. Trading volume (1.3 M) eclipsed its 50-day average volume of 1.3 M.