Aramark’s recent filing unveils that its SVP and General Counsel Harrington Lauren A unloaded Company’s shares for reported $0.33 million on Nov 26 ’24. In the deal valued at $42.17 per share,7,909 shares were sold. As a result of this transaction, Harrington Lauren A now holds 89,447 shares worth roughly $3.3 million.
Then, Harrington Lauren A bought 7,909 shares, generating $333,489 in total proceeds.
Before that, Harrington Lauren A sold 13,384 shares. Aramark shares valued at $415,208 were divested by the SVP and General Counsel at a price of $31.02 per share. As a result of the transaction, Harrington Lauren A now holds 95,284 shares, worth roughly $3.51 million.
A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid September from “a Sector perform” to “an Outperform”. Deutsche Bank also remained covering ARMK and has increased its forecast on August 07, 2024 with a “Buy” recommendation from previously “Hold” rating. Goldman started covering the stock on January 17, 2024. It rated ARMK as “a Buy”.
Price Performance Review of ARMK
On Tuesday, Aramark [NYSE:ARMK] saw its stock fall -0.78% to $36.88. Over the last five days, the stock has lost -0.86%. Aramark shares have fallen nearly -1.15% since the year began. Nevertheless, the stocks have risen 19.08% over the past one year. While a 52-week high of $42.49 was reached on 01/17/25, a 52-week low of $29.82 was recorded on 02/21/25. SMA at 50 days reached $38.05, while 200 days put it at $36.49.
Levels Of Support And Resistance For ARMK Stock
The 24-hour chart illustrates a support level at 36.38, which if violated will result in even more drops to 35.87. On the upside, there is a resistance level at 37.37. A further resistance level may holdings at 37.86. The Relative Strength Index (RSI) on the 14-day chart is 43.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.78%. Stochastics %K at 25.99% indicates the stock is a holding.
The most recent change occurred on January 08, 2024 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $33 price target.
