Aramark (ARMK) : Traders are bullish on Aramark (ARMK) as it has outperformed the S&P 500 by a wide margin of 6.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.74%, 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 1.25% in the last 1 week, and is up 6.61% 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 2.48% and the 50-Day Moving Average is 6.85%.The 200 Day SMA reached 14.71%. Aramark is up 14.26% in the last 3-month period. Year-to-Date the stock performance stands at 19.11%.
Aramark (NYSE:ARMK): After opening at $37.96, the stock dipped to an intraday low of $37.78 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $38.13 and the buying power remained strong till the end. The stock closed at $38.09 for the day, a gain of 0.61% for the day session. The total traded volume was 800,648. The stocks close on the previous trading day was $37.86.
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.