Aramark (ARMK) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (35.5 million) in Aramark (ARMK). On Wednesday, The value of composite uptick trades was $6.4 million, whereas, the value of composite downtick trades was $41.9 million and the ratio between the two was 0.15, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $35.54 million. The negative money flow of ($35.54 million) shows selling on strength. Aramark (ARMK) gained $0.74 intraday at $35.93 and registrered 2.1% for the week.
Also, Nomura initiates coverage on Aramark (NYSE:ARMK). Nomura has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $39 per share. The rating by the firm was issued on April 19, 2016.
Aramark (NYSE:ARMK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.38 and $35.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.93, notching a gain of 2.10% for the day. The total traded volume was 2,318,539 . The stock had closed at $35.19 on the previous day.
The stock has recorded a 20-day Moving Average of 6.03% and the 50-Day Moving Average is 7.33%. 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.