The CEO's $7.6M open-market purchase is a strong vote of confidence at a stock price near $152. Given the 85% analyst bullish consensus and the cross-filing amplifier for insider trades + earnings context, this cluster suggests management sees value. However, historical calibration on WCN shows past bullish calls have not worked (avg T+20 alpha -11.72%). Monitor for any upcoming earnings or guidance updates that could catalyze the signal.
Price Chart
Executive Summary
Waste Connections CEO Ronald Mittelstaedt purchased $7.6M of stock on the open market on May 12, 2026, while a senior VP sold a trivial $44K. The CEO's purchase represents 0.02% of market cap and is a strong insider-buy signal, though the historical calibration on this ticker shows past bullish calls have underperformed. The cluster is mixed in direction but overwhelmingly dominated by the CEO's buy in dollar terms.
Key Financial Metrics
Key Facts
- CEO Ronald Mittelstaedt purchased 50,000 shares at $152.24 for $7.61M on May 12, 2026
- SR VP Operations Robert Nielsen sold 627 shares total ($95K) on May 12-13, 2026
- CEO purchase is 0.02% of $38.8B market cap — modest in relative terms but large in absolute dollars
- Net direction is mixed but CEO buy dominates at 99% of total cluster value
- Cross-filing amplifiers (insider trades + earnings context) support elevated impact
Financial Impact
CEO invested $7.6M of personal capital at $152.24/share; insider sells were trivial at $95K total
Risk Factors
- Historical calibration shows past bullish calls on WCN have underperformed significantly
- CEO purchase is only 0.02% of market cap — may not move the stock alone
- Mixed cluster with a small insider sell, though trivial in size
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-WCN-1778789972490 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | Insider Cluster | $169.40 $155.33 | ▼ −8.31% | ▼ −8.03% | $150.90 (−10.92%) |
Aug 20, 2026 6w ago | Insider Cluster | $168.33 $155.33 | ▼ −7.72% | ▼ −7.72% | $150.90 (−10.36%) |
Jul 31, 2026 9w ago | Insider Cluster | $167.38 $165.93 | ▼ −0.87% | ▼ −3.85% | $150.90 (−9.85%) |
Jul 27, 2026 9w ago | 424B5 | $169.35 $168.97 | ▼ −0.22% | ▼ −3.52% | $150.90 (−10.90%) |
Jun 9, 2026 16w ago | Insider Cluster | $159.03 $170.14 | ▲ +6.99% | ▲ +3.36% | $150.90 (−5.12%) |
May 15, 2026 19w ago | 8-K | $158.92 $157.07 | ▼ −1.16% | ▼ −2.75% | $150.90 (−5.05%) |
May 12, 2026 20w ago | Insider Cluster | $156.61 $154.98 | ▼ −1.04% | ▼ −3.16% | $150.90 (−3.65%) |
Apr 27, 2026 22w ago | 144 | $163.18 $153.68 | ▼ −5.82% | ▼ −11.29% | $150.90 (−7.53%) |
Apr 23, 2026 23w ago | DEFA14A | $165.70 $155.77 | ▼ −5.99% | ▼ −10.02% | $150.90 (−8.94%) |
Apr 22, 2026 23w ago | 8-K | $168.52 $156.98 | ▼ −6.85% | ▼ −11.48% | $150.90 (−10.46%) |
US Market Status
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