Casella Waste Systems Hits Day Low of $91.18 Amid Price Pressure

Casella Waste Systems, Inc. experienced a significant decline today, with the stock dropping by 8.46% as it reached an intraday low of USD 91.18. This performance marks a challenging day for the small-cap company, which operates within the miscellaneous industry. Over the past day, Casella's performance lagged behind the S&P 500, which gained 0.69%. The stock's one-week performance reflects a decline of 10.62%, while its one-month performance shows a decrease of 12.38%. Year-to-date, Casella has seen a drop of 5.34%, and its one-year performance is down by 18.67%, contrasting sharply with the S&P 500's 12.95% gain over the same period. The company's fundamentals indicate a weak long-term strength, highlighted by an average Return on Capital Employed (ROCE) of 7.41%. Additionally, the stock has faced challenges with a 17.47% increase in raw material costs year-over-year. Despite high institutional holdings at 100%, which suggests a robust analytical capability among its investors, Casella has underperformed relative to the broader market in both the short and long term.