restructuring
“The increase was also driven by a gain on a prior disposition and noncash impairment charges for a held-for-sale business and our SKY Mexico equity investment.”
T 10-K
Confirmed
Waste Management
5 names are moving together; 80% are participating in the current session.
8 observed Confirmed episodes
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| WM | Waste Management, Inc. | Industrials | -0.5% | 23/23 observed active sessions |
| RSG | Republic Services, Inc. | Industrials | -0.9% | 23/23 observed active sessions |
| MO | Altria Group, Inc. | Consumer Defensive | -0.3% | 2/23 observed active sessions |
| T | AT&T Inc. | Communication Services | -1.0% | 2/23 observed active sessions |
| VZ | Verizon Communications Inc. | Communication Services | -1.0% | 2/23 observed active sessions |
Why we believe this
Cohort
5 namesParticipation
80% this sessionObserved history
80 daily buildsFiling coverage
5/5 memberscredit / rates affecting interest expense
“Interest expense increased in 2025, primarily due to lower capitalized interest associated with spectrum acquisitions.”
T 10-K
restructuring affecting expense
“Income tax expense decreased in 2025, primarily due to a lower effective tax rate driven by a tax-free gain on sale of DIRECTV in 2025 and a goodwill impairment in 2024, which is not deductible for tax purposes.”
T 10-K
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
CCI
Tcustomer · Not moving with the group now
Filing receipt · CCI / T
“Majority of our revenues from large wireless carriers ◦ For the six months ended June 30, 2025, approximately 89% of our site rental revenues were derived from T-Mobile,…”
T · customer
BMI
Tcustomer · Not moving with the group now
Filing receipt · BMI / T
“Our strong relationships with telecommunication providers such as AT&T and Verizon (among others) allows us to stay abreast of emerging cellular technology changes to pr…”
T · customer
FOXX
Tcustomer · Current intraday read unavailable
Filing receipt · FOXX / T
“Our customers are primarily distributors who sell Foxx-branded products in the U.S.”
T · customer
TMUS
Tcustomer · Current intraday read unavailable
Filing receipt · TMUS / T
“In November 2024, we agreed to purchase select spectrum licenses from United States Cellular Corporation (UScellular) for approximately $1,000, subject to closing condit…”
T · customer
PM
MOcustomer · Current intraday read unavailable
Filing receipt · PM / MO
“In combustibles, we own Philip Morris USA Inc.”
MO · customer
History
2026-07-28 → 2026-07-314 observed active sessions · 40% of active names held across the episode
2026-07-231 observed active session · 100% of active names held across the episode
2026-07-07 → 2026-07-176 observed active sessions · 40% of active names held across the episode
2026-06-30 → 2026-07-022 observed active sessions · 100% of active names held across the episode
2026-06-23 → 2026-06-253 observed active sessions · 100% of active names held across the episode
2026-06-15 → 2026-06-173 observed active sessions · 75% of active names held across the episode
2026-06-03 → 2026-06-042 observed active sessions · 100% of active names held across the episode
2026-05-18 → 2026-05-192 observed active sessions · 100% of active names held across the episode