Darden Restaurants, Inc.’s filing revealed that its SVP General Counsel Broad Matthew R unloaded Company’s shares for reported $0.74 million on Apr 25 ’24. In the deal valued at $156.15 per share,4,707 shares were sold. As a result of this transaction, Broad Matthew R now holds 19,179 shares worth roughly $2.86 million.
Then, Simon William S sold 1,219 shares, generating $192,858 in total proceeds. Upon selling the shares at $158.21, the Director now owns 6,281 shares.
Before that, Martin Melvin John sold 3,100 shares. Darden Restaurants, Inc. shares valued at $519,622 were divested by the President, SRG at a price of $167.62 per share. As a result of the transaction, Martin Melvin John now holds 14,108 shares, worth roughly $2.11 million.
A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Piper Sandler began covering DRI with “Neutral” recommendation on July 18, 2023. Guggenheim started covering the stock on February 02, 2023. It rated DRI as “a Buy”.
Price Performance Review of DRI
On Friday, Darden Restaurants, Inc. [NYSE:DRI] saw its stock jump 0.94% to $149.25. Over the last five days, the stock has lost -4.39%. Darden Restaurants, Inc. shares have fallen nearly -9.16% since the year began. Nevertheless, the stocks have fallen -1.47% over the past one year. While a 52-week high of $176.84 was reached on 03/04/24, a 52-week low of $133.36 was recorded on 05/02/24. SMA at 50 days reached $163.10, while 200 days put it at $157.70. A total of 1.86 million shares were traded, compared to the trading of 2.57 million shares in the previous session.
Levels Of Support And Resistance For DRI Stock
The 24-hour chart illustrates a support level at 148.09, which if violated will result in even more drops to 146.92. On the upside, there is a resistance level at 150.10. A further resistance level may holdings at 150.94. The Relative Strength Index (RSI) on the 14-day chart is 31.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.32%. Stochastics %K at 12.37% indicates the stock is a buying.
The most recent change occurred on January 24, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $155 price target.
