Darden Restaurants, Inc.’s recently made public that its President, Olive Garden Kiernan Daniel J. unloaded Company’s shares for reported $24022.0 on Jul 29 ’24. In the deal valued at $142.14 per share,169 shares were sold. As a result of this transaction, Kiernan Daniel J. now holds 0 shares worth roughly $0.0.
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Then, King Sarah H. sold 15,941 shares, generating $2,344,266 in total proceeds. Upon selling the shares at $147.06, the SVP, Chief People Officer now owns 447 shares.
Before that, Kiernan Daniel J. sold 85 shares. Darden Restaurants, Inc. shares valued at $12,082 were divested by the President, Olive Garden at a price of $142.14 per share. As a result of the transaction, Kiernan Daniel J. now holds 0 shares, worth roughly $0.0.
TD Cowen downgraded its Darden Restaurants, Inc. [DRI] rating to a Hold from a a Buy in a research note published on July 23, 2024; the price target was decreased to $150 from $170. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid July from “a Hold” to “an Underperform”. BTIG Research also remained covering DRI and has increased its forecast on May 17, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of DRI
On Friday, Darden Restaurants, Inc. [NYSE:DRI] saw its stock jump 0.89% to $158.15. Over the last five days, the stock has gained 2.65%. Darden Restaurants, Inc. shares have fallen nearly -3.74% since the year began. Nevertheless, the stocks have risen 0.64% 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 07/11/24. SMA at 50 days reached $146.98, while 200 days put it at $156.30.
Levels Of Support And Resistance For DRI Stock
The 24-hour chart illustrates a support level at 157.14, which if violated will result in even more drops to 156.12. On the upside, there is a resistance level at 158.91. A further resistance level may holdings at 159.66. The Relative Strength Index (RSI) on the 14-day chart is 67.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.23%. Stochastics %K at 93.50% indicates the stock is a selling.
How much short interest is there in Darden Restaurants, Inc.?
A steep rise in short interest was recorded in Darden Restaurants, Inc. stocks on 2024-08-15, growing by 0.2 million shares to a total of 6.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 6.32 million shares. There was a rise of 3.13%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 19, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $159 price target.
