Aramark (NYSE:ARMK) has tumbled 1.51% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.63% in the last four weeks. The stocks have underperformed the S&P 500 by 0.33% during the past week but Aramark (NYSE:ARMK) it has outperformed the index in 4 weeks by 1.69%.
Aramark (NYSE:ARMK): The stock opened at $33.28 on Friday but the bulls could not build on the opening and the stock topped out at $33.46 for the day. The stock traded down to $33.10 during the day, due to lack of any buying support eventually closed down at $33.16 with a loss of -0.63% for the day. The stock had closed at $33.37 on the previous day. The total traded volume was 2,448,331 shares.
The company shares have rallied 4.18% 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 $33.29 and the 200 Day Moving Average price is recorded at $32.58.
On the companys insider trading activities, 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.
Many analysts have stated their opinion on the company shares. Nomura initiates coverage on Aramark (NYSE:ARMK) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $39 per share. The rating by the firm was issued on April 19, 2016. Currently the company Insiders own 2.5% of Aramark shares according to the proxy statements. Institutional Investors own 94.27% of Aramark shares.
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.