Why Shares of Aramark Traded Higher on Wednesday
Shares of Aramark (NYSE: ARMK) finished 12.9% higher on Wednesday, after the company reported better-than-feared preliminary second-quarter results. While its revenue is being hurt by the coronavirus shutdown, investors were encouraged by the results.
Additionally, the company announced favorable terms to raise $1.25 billion in liquidity.
Image source: Getty Images.
Source Fool.com
