Aramark (ARMK) Shares are Up 5.32%

Aramark (ARMK) : Traders are bullish on Aramark (ARMK) as it has outperformed the S&P 500 by a wide margin of 4.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.32% in the last 1 week, and is up 6.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.68% and the 50-Day Moving Average is 8.99%. Aramark (NYSE:ARMK): On Fridays trading session , Opening price of the stock was $37.48 with an intraday high of $37.78. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $37.29. However, the stock managed to close at $37.63, a loss of 0.04% for the day. On the previous day, the stock had closed at $37.645. The total traded volume of the day was 1,558,538 shares.


The company Insiders own 2.5% of Aramark shares according to the proxy statements. Institutional Investors own 97.52% of Aramark shares. Also, Barclays maintains their rating on the shares of Aramark (NYSE:ARMK). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $40 per share from $37 per share. The rating by the firm was issued on August 11, 2016.

Aramark, formerly ARAMARK Holdings Corporation, is a global provider of food, facilities and uniform services to education, healthcare, business and industry and sports, leisure and corrections clients. The Companys core market is North America. It serves students, patients, employees, sports fans and guests worldwide. It serves over 500 million meals annually to approximately five million students at colleges, universities, and K-12 schools, services over 2,000 healthcare facilities, caters to approximately 100 million sports fans, and operates in 22 countries in North America, Europe, Asia and South America, as of September 28, 2012. It operates in three reportable segments: food and Support Services North America, or FSS North America, Food and Support Services International, or FSS International, and Uniform and Career Apparel, or Uniform.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *