Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aramark shares valued at $333,523 were sold by Harrington Lauren A on Nov 26 ’24. At $42.17 per share, Harrington Lauren A sold 7,909 shares. The insider’s holdings dropped to 89,447 shares worth approximately $3.34 million following the completion of this transaction.
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Also, Harrington Lauren A purchased 7,909 shares, netting a total of over 333,489 in proceeds.
Before that, Harrington Lauren A had sold 13,384 shares from its account. In a trade valued at $415,208, the SVP and General Counsel traded Aramark shares for $31.02 each. Upon closing the transaction, the insider’s holdings decreased to 13,384 shares, worth approximately $3.56 million.
As published in a research note from RBC Capital Mkts on September 17, 2024, Aramark [ARMK] has been rated up from a Sector perform to an Outperform and the price target has been revised to $42.50 from $36. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of January 17, 2024, Goldman has initiated its “Buy” rating for ARMK. Earlier on January 08, 2024, Truist initiated its rating. Their recommendation was “a Buy” for ARMK stock.
Analyzing ARMK Stock Performance
During the last five days, there has been a drop of approximately -8.37%. Over the course of the year, Aramark shares have jumped approximately 32.92%. Shares of the company reached a 52-week high of $42.49 on 11/27/24 and a 52-week low of $27.47 on 01/03/24. A 50-day SMA is recorded $39.23, while a 200-day SMA reached $35.15. Nevertheless, trading volume fell to 2.02 million shares from 1.64 million shares the previous day.
Support And Resistance Levels for Aramark (ARMK)
According to the 24-hour chart, there is a support level at 36.73, which, if violated, would cause prices to drop to 36.11. In the upper region, resistance lies at 38.54. The next price resistance is at 39.72. RSI (Relative Strength Index) is 35.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.60, which suggests the price will decrease in the coming days. Percent R is at 98.96%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
