$7.6M CEO Buy Against the Trend
CEO Ronald Mittelstaedt just dropped $7.6 million on Waste Connections shares at $152.24 while every technical indicator screams sell. RSI sits at 36, confirming oversold conditions, but all timeframes align bearish with selling pressure intact. This is his first buy on record for WCN, making it a pure contrarian bet from someone who knows the waste management business inside out. The risk is obvious given the technical setup, but CEOs don't usually risk eight figures unless they see something the market doesn't.
The Filing
| Ticker | WCN |
| Company | Waste Connections, Inc. |
| Insider | Ronald Mittelstaedt, President & CEO |
| Buy amount | $7.6M |
| Filing date | May 13, 2026 |
| Conviction | Interesting · 54/100 |
| Setup type | Oversold Bounce |
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