Waste Management Inc. (NYSE: WM) closed lower Monday, underperforming key competitors in the waste and environmental services sector, MarketWatch reported.

The stock declined while rivals Republic Services Inc. (NYSE: RSG) and Waste Connections Inc. (NYSE: WCN) posted stronger relative performance during the session.

Sector trading was mixed overall, with shares of environmental and waste management companies moving in different directions as investors weighed broader market conditions.

The underperformance highlights competitive pressures among major waste haulers, even as the industry benefits from steady demand for collection, recycling and disposal services.

Waste Management, based in Houston, Texas, is one of the largest providers of comprehensive waste management services in North America, serving millions of residential, commercial and industrial customers.

The company continues to invest in sustainability initiatives, including renewable energy projects and recycling infrastructure, as part of its long-term growth strategy.

Investors will watch upcoming earnings reports and sector trends for signals on whether the stock can regain momentum relative to its peers.