Shares of Aramark (ARMK) Rally 2.78%

Aramark (ARMK) : Traders are bullish on Aramark (ARMK) as it has outperformed the S&P 500 by a wide margin of 2.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.27%, 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 2.78% in the last 1 week, and is up 7.03% 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 5.65% and the 50-Day Moving Average is 6.35%.

Aramark (NYSE:ARMK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.46 and $35.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.49, notching a gain of 0.17% for the day. The total traded volume was 1,614,570 . The stock had closed at $35.43 on the previous day.


The company Insiders own 2.5% of Aramark shares according to the proxy statements. Institutional Investors own 94.29% of Aramark shares. In a related news, The Securities and Exchange Commission has divulged that Mckee Lynn, officer (EVP, Human Resources) of Aramark, had unloaded 125,000 shares at an average price of $33.26 in a transaction dated on June 1, 2016. The total value of the transaction was worth $4,157,500.

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.

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