Aramark (ARMK) has risen sharply, recording gains of 7.66% in the past 4 weeks. However, the stock has corrected -0.86% 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 4.16% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.38% and the 50-Day Moving Average is 5.86%. Aramark is up 7.29% in the last 3-month period. Year-to-Date the stock performance stands at 11.82%.
Aramark (NYSE:ARMK): On Fridays trading session , Opening price of the stock was $36.17 with an intraday high of $36.39. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $35.78. However, the stock managed to close at $35.85, a loss of 1.08% for the day. On the previous day, the stock had closed at $36.24. The total traded volume of the day was 1,038,217 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.