The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $2.96 million following the completion of this transaction.
Also, Harrington Lauren A purchased 7,909 shares, netting a total of over 333,489 in proceeds.
Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid September. As of August 07, 2024, Deutsche Bank has increased its “Hold” rating to a “Buy” for ARMK. Earlier on January 17, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for ARMK stock.
Analyzing ARMK Stock Performance
During the last five days, there has been a surge of approximately 0.27%. Over the course of the year, Aramark shares have dropped approximately -11.31%. Shares of the company reached a 52-week high of $40.00 on 01/17/25 and a 52-week low of $29.92 on 04/09/25. A 50-day SMA is recorded $34.25, while a 200-day SMA reached $36.74.
Support And Resistance Levels for Aramark (ARMK)
According to the 24-hour chart, there is a support level at 32.82, which, if violated, would cause prices to drop to 32.56. In the upper region, resistance lies at 33.59. The next price resistance is at 34.10. RSI (Relative Strength Index) is 48.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 31.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
