Aramark (NYSE:ARMK) : Traders are bullish on Aramark (NYSE:ARMK) as it has outperformed the S&P 500 by a wide margin of 0.93% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.38%, 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 3.69% in the last 1 week, and is up 2.55% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 8.01% from its 1 Year high price. On Dec 17, 2015, the shares registered one year high at $35.06 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $33.24 and the 200 Day Moving Average price is recorded at $32.59.
The stock has recorded a 20-day Moving Average of 3.8% and the 50-Day Moving Average is 3.9%.
Aramark (NYSE:ARMK): stock turned positive on Friday. Though the stock opened at $34, the bulls momentum made the stock top out at $34.71 level for the day. The stock recorded a low of $33.88 and closed the trading day at $34.53, in the green by 1.89%. The total traded volume for the day was 2,010,649. The stock had closed at $33.89 in the previous days trading.
In an insider trading activity, Mckee Lynn, officer (EVP, Human Resources) of Aramark, unloaded 125,000 shares at an average price of $33.26 on June 1, 2016. The total amount of the transaction was worth $4,157,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.