--- title: "U.S. stock market update: Decent's reverse stock split triggers a 34% plunge, strategic cooperation fails to restore market confidence" type: "News" locale: "en" url: "https://longbridge.com/en/news/278894630.md" description: "Decent fell 34.09%; Waste Management rose 0.11%, with a transaction volume of USD 15.81 million; Rentokil Initial rose 4.38%, with a transaction volume of USD 10.45 million; Waste Connections rose 0.30%, with a transaction volume of USD 5.25 million; Republic Services rose 0.25%, with a market value of USD 69.3 billion" datetime: "2026-03-12T13:32:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278894630.md) - [en](https://longbridge.com/en/news/278894630.md) - [zh-HK](https://longbridge.com/zh-HK/news/278894630.md) --- # U.S. stock market update: Decent's reverse stock split triggers a 34% plunge, strategic cooperation fails to restore market confidence **U.S. Stock Market Midday Update** Decent fell 34.09%, with increased trading volume. Based on recent news, 1. On March 12, Decent Holding Inc. announced a 1-for-25 reverse stock split to maintain its Nasdaq listing status. This news dampened investor morale, leading to a significant drop in stock price. Decent Holding Inc.'s stock price fell 33.41% in pre-market trading, with a notable increase in volume, exceeding 35 million shares. Source: GlobeNewswire 2. On March 10, Decent Holding Inc. announced a strategic cooperation agreement with a local pension operator in China, planning to expand to 70 community locations in China. Although this news boosted the stock price in the short term, it failed to offset the negative impact of the reverse stock split. Source: Reuters 3. On March 11, technical indicators showed mixed momentum, with a MACD of -0.2017 and a signal line of -0.2732, indicating bullish momentum. Nevertheless, the stock price failed to maintain an upward trend. Source: Benzinga Pro The market reacted negatively to the reverse stock split, with significantly increased trading volume. **Top Stocks by Industry Trading Volume** Waste Management rose 0.11%. Based on recent key news: 1. On March 9, Waste Management's President and COO John J Morris sold a large number of shares, raising doubts about internal confidence in the company. Morris sold 7,979 and 4,211 shares on March 6 and March 9, respectively, with a total transaction amount exceeding $2.9 million, potentially affecting investor sentiment. 2. On March 10, Waste Management's IBD relative strength rating was upgraded, indicating improved price performance. This rating upgrade may have boosted market confidence in the stock, driving the price up. 3. On March 11, analysts rated Waste Management as "moderate buy," but noted that five other stocks were considered better investment choices. This may limit Waste Management's upside potential, leading to stock price volatility. The industry faces regulatory reform risks that need attention. Rentokil Initial rose 4.38%. Based on recent key news: 1. On March 11, Rentokil Initial disclosed board-related ADS purchases, driving the stock price up. This move was seen by the market as an increase in confidence in the company's future development, leading to a rise in stock price. 2. On March 11, Jefferies analyst Allen Wells reiterated a buy rating on Rentokil Initial, with a target price of 550 pence. The analyst's positive rating enhanced market confidence in the stock, driving the price up On March 9, Rentokil Initial reported that GIC Private's voting rights decreased to 3%. The market reacted positively to the changes in the company's governance structure, resulting in a rise in stock prices. The overall industry performed well, with noticeable capital inflows. Waste Connections rose by 0.30%. Based on recent news, 1. On March 11, MarketBeat reported that Waste Connections was not included in the list of five stocks recommended by top analysts, despite its buy rating. This may lead to a lack of confidence among investors regarding its future performance, affecting the stock price. 2. On March 10, Simply Wall St analysis pointed out that Waste Connections' valuation is complex, and attention should be paid to its potential risks and financial condition. This analysis may trigger a re-evaluation of its valuation in the market, impacting the stock price. 3. No other significant news recently. The U.S. stock market has become more volatile, and macroeconomic data should be monitored. **Stocks ranked among the top in industry market capitalization** Republic Services rose by 0.25%. Based on recent news, 1. On March 11, MarketBeat reported that although Republic Services currently holds a "Moderate Buy" rating among analysts, top analysts believe there are five stocks that are more worthy of purchase than Republic Services. This news may lead to a decrease in confidence among some investors regarding this stock, affecting its price performance. 2. On March 11, the latest 13F filings and insider trading data released by HoldingsChannel.com indicated that despite Republic Services receiving a "Moderate Buy" rating, top analysts believe there are five stocks that are more worthy of purchase than Republic Services. This news may lead to a decrease in confidence among some investors regarding this stock, affecting its price performance. 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