Aramark (ARMK) has risen sharply, recording gains of 3.48% in the past 4 weeks. However, the stock has corrected -0.33% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.96% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Aramark (NYSE:ARMK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.66 and $35.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.73, notching a gain of 0.65% for the day. The total traded volume was 1,679,113 . The stock had closed at $35.50 on the previous day.
The stock has recorded a 20-day Moving Average of 0.41% and the 50-Day Moving Average is 4.49%. Aramark is up 6.2% in the last 3-month period. Year-to-Date the stock performance stands at 11.45%.
Aramark (ARMK) : The most positive equity analysts on Aramark (ARMK) expects the shares to touch $39, whereas, the least positive believes that the stock will trade at $37 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $37.71 with an expected fluctuation of $0.95 from the mean.
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.