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 $2.84 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $2.09 million.
BTIG Research upgraded its Darden Restaurants, Inc. [DRI] rating to a Buy from a a Neutral in a research note published recently. Deutsche Bank began covering DRI with “Buy” recommendation on October 19, 2023. Piper Sandler started covering the stock on July 18, 2023. It rated DRI as “a Neutral”.
Price Performance Review of DRI
On Monday, Darden Restaurants, Inc. [NYSE:DRI] saw its stock fall -1.98% to $148.33. Over the last five days, the stock has lost -3.76%. Darden Restaurants, Inc. shares have fallen nearly -9.72% since the year began. Nevertheless, the stocks have fallen -10.27% 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 06/13/24. SMA at 50 days reached $150.66, while 200 days put it at $155.74. A total of 0.9 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For DRI Stock
The 24-hour chart illustrates a support level at 146.76, which if violated will result in even more drops to 145.18. On the upside, there is a resistance level at 150.86. A further resistance level may holdings at 153.38. The Relative Strength Index (RSI) on the 14-day chart is 42.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.20%. Stochastics%K at 41.61% indicates the stock is a holding.
The most recent change occurred on February 02, 2023 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $170 price target.
