Aramark (ARMK) : The traders have covered their outstanding shorts in Aramark (ARMK) to the tune of -873,464 shares, a change of -14.3%. As on Jul 29, 2016, the outstanding shorts on the stock were 6,099,381 shares, however, by August 15, 2016, the shorts had reduced to 5,225,917 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 2.3% of the free float of the stock. It takes 3 days to cover the outstanding short positions. The stock has an average daily volume of 1,956,983 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Aramark (NYSE:ARMK): The stock opened at $37.25 on Wednesday but the bulls could not build on the opening and the stock topped out at $37.42 for the day. The stock traded down to $37.18 during the day, due to lack of any buying support eventually closed down at $37.26 with a loss of -0.08% for the day. The stock had closed at $37.29 on the previous day. The total traded volume was 1,108,513 shares.
In a related news, Reynolds Stephen R, officer (EVP, GC and Secretary) of Aramark, unloaded 56,709 shares at an average price of $36.97 on August 17, 2016. The total amount of the transaction was worth $2,096,532, 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.