Aramark’s filing revealed 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 $3.12 million.
Then, Harrington Lauren A bought 7,909 shares, generating $333,489 in total proceeds.
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 -3.00% to $34.89. Over the last five days, the stock has lost -0.06%. Aramark shares have fallen nearly -6.49% since the year began. Nevertheless, the stocks have risen 9.82% 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 03/12/25. SMA at 50 days reached $37.27, while 200 days put it at $36.72.
Levels Of Support And Resistance For ARMK Stock
The 24-hour chart illustrates a support level at 34.53, which if violated will result in even more drops to 34.18. On the upside, there is a resistance level at 35.54. A further resistance level may holdings at 36.19. The Relative Strength Index (RSI) on the 14-day chart is 39.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.58%. Stochastics %K at 48.04% indicates the stock is a holding.
How much short interest is there in Aramark?
A steep rise in short interest was recorded in Aramark stocks on 2025-02-28, growing by 0.76 million shares to a total of 4.96 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.2 million shares. There was a rise of 15.4%, which implies that there is a positive sentiment for the stock.
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.
