Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Darden Restaurants, Inc. shares valued at $24,022 were sold by Kiernan Daniel J. on Jul 29 ’24. At $142.14 per share, Kiernan Daniel J. sold 169 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, King Sarah H. sold 15,941 shares, netting a total of over 2,344,266 in proceeds. Following the sale of shares at $147.06 each, the insider now holds 447 shares.
Before that, Kiernan Daniel J. had sold 85 shares from its account. In a trade valued at $12,082, the President, Olive Garden traded Darden Restaurants, Inc. shares for $142.14 each. Upon closing the transaction, the insider’s holdings decreased to 85 shares, worth approximately $0.0.
As published in a research note from TD Cowen on July 23, 2024, Darden Restaurants, Inc. [DRI] has been rated down from a Buy to a Hold and the price target has been revised to $150 from $170. Analysts at Jefferies downgraded the stock from ‘”a Hold”‘ to ‘”an Underperform”‘ outlook in a report released in mid July. As of May 17, 2024, BTIG Research has increased its “Neutral” rating to a “Buy” for DRI.
Analyzing DRI Stock Performance
During the last five days, there has been a surge of approximately 0.36%. Over the course of the year, Darden Restaurants, Inc. shares have dropped approximately -3.52%. Shares of the company reached a 52-week high of $176.84 on 03/04/24 and a 52-week low of $135.87 on 07/11/24. A 50-day SMA is recorded $147.98, while a 200-day SMA reached $156.39. Nevertheless, trading volume fell to 0.59 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Darden Restaurants, Inc. (DRI)
According to the 24-hour chart, there is a support level at 156.92, which, if violated, would cause prices to drop to 155.33. In the upper region, resistance lies at 159.65. The next price resistance is at 160.79. RSI (Relative Strength Index) is 63.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 30.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
