Waste Management's Recycling Expansion Boosts Capacity 500 Percent as Trading Volume Ranks 315th in U.S. Markets

On September 9, 2025, , . stocks. , marking a significant expansion in residential recycling capacity. This initiative is positioned as the largest residential recycling service offering in the city to date, with existing smaller bins no longer serviced by WM.

The rollout of larger recycling carts aligns with WM’s strategy to enhance waste reduction capabilities in municipal markets. , potentially boosting operational efficiency and customer retention. The company emphasized that participation in the program will require adoption of the new carts, signaling a structured transition to standardized larger-volume collection.

To run this back-test accurately, I’ll need a few extra details: 1. Universe definition • Should the “top 500” be selected from all U.S. listed common stocks each day, from a specific index (e.g., Russell 3000), or another universe? 2. Trade timing • Do we: a) buy the 500 names at today’s close and exit at tomorrow’s close, or b) buy at tomorrow’s open and exit at tomorrow’s close? 3. Position sizing • Equal-weight each of the 500 stocks? (Typical for this type of test, but please confirm.) 4. Execution assumptions • Any slippage or transaction-cost model to include, or assume frictionless trades? 5. , or another amount? Once I have these points, I can generate the proper data-retrieval plan and run the back-test.