Aramark’s recently made public that its SVP and General Counsel Harrington Lauren A unloaded Company’s shares for reported $0.42 million on Mar 05 ’24. In the deal valued at $31.02 per share,13,384 shares were sold. As a result of this transaction, Harrington Lauren A now holds 95,284 shares worth roughly $3.75 million.
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Then, Harrington Lauren A sold 4,274 shares, generating $116,819 in total proceeds. Upon selling the shares at $27.33, the SVP and General Counsel now owns 95,142 shares.
Before that, Bruno Marc A sold 27,884 shares. Aramark shares valued at $743,666 were divested by the COO, U.S. Food & Facilities at a price of $26.67 per share. As a result of the transaction, Bruno Marc A now holds 225,653 shares, worth roughly $8.89 million.
RBC Capital Mkts upgraded its Aramark [ARMK] rating to an Outperform from a a Sector perform in a research note published on September 17, 2024; the price target was increased to $42.50 from $36. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in early August from “a Hold” to “a Buy”. Goldman began covering ARMK with “Buy” recommendation on January 17, 2024. Truist started covering the stock on January 08, 2024. It rated ARMK as “a Buy”.
Price Performance Review of ARMK
On Tuesday, Aramark [NYSE:ARMK] saw its stock fall -0.51% to $39.39. Over the last five days, the stock has gained 0.97%. Aramark shares have risen nearly 40.18% since the year began. Nevertheless, the stocks have risen 49.60% over the past one year. While a 52-week high of $39.99 was reached on 10/21/24, a 52-week low of $25.92 was recorded on 01/03/24. SMA at 50 days reached $37.42, while 200 days put it at $33.22.
Levels Of Support And Resistance For ARMK Stock
The 24-hour chart illustrates a support level at 39.19, which if violated will result in even more drops to 38.98. On the upside, there is a resistance level at 39.63. A further resistance level may holdings at 39.86. The Relative Strength Index (RSI) on the 14-day chart is 61.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.13%. Stochastics %K at 85.81% indicates the stock is a selling.
How much short interest is there in Aramark?
A steep rise in short interest was recorded in Aramark stocks on 2024-09-30, growing by 1.11 million shares to a total of 5.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.74 million shares. There was a rise of 18.94%, which implies that there is a positive sentiment for the stock.
