Darden Restaurants, Inc.’s recent filing unveils that its Director Martin Melvin John acquired Company’s shares for reported $0.49 million on Oct 04 ’24. In the deal valued at $163.04 per share,3,000 shares were bought.
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Then, Connelly Susan M. sold 3,320 shares, generating $542,576 in total proceeds. Upon selling the shares at $163.43, the SVP, Chief Comm & PA Officer now owns 6,155 shares.
Before that, Susan M. Connelly bought 3,320 shares. Darden Restaurants, Inc. shares valued at $543,916 were divested by the Officer at a price of $163.83 per share.
Evercore ISI upgraded its Darden Restaurants, Inc. [DRI] rating to an Outperform from a an In-line in a research note published on September 20, 2024; the price target was increased to $205 from $165. A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in mid September from “an Outperform” to “a Mkt perform”. TD Cowen also remained covering DRI and has decreased its forecast on July 23, 2024 with a “Hold” recommendation from previously “Buy” rating. Jefferies revised its rating on July 11, 2024. It rated DRI as “an Underperform” which previously was an “a Hold”.
Price Performance Review of DRI
On Monday, Darden Restaurants, Inc. [NYSE:DRI] saw its stock fall -3.21% to $159.55. Over the last five days, the stock has lost -2.79%. Darden Restaurants, Inc. shares have fallen nearly -2.89% since the year began. Nevertheless, the stocks have risen 13.07% 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 $155.62, while 200 days put it at $156.78.
Levels Of Support And Resistance For DRI Stock
The 24-hour chart illustrates a support level at 157.51, which if violated will result in even more drops to 155.48. On the upside, there is a resistance level at 162.56. A further resistance level may holdings at 165.58. The Relative Strength Index (RSI) on the 14-day chart is 46.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.05%. Stochastics %K at 21.99% indicates the stock is a holding.
How much short interest is there in Darden Restaurants, Inc.?
A steep rise in short interest was recorded in Darden Restaurants, Inc. stocks on 2024-09-13, dropping by -0.86 million shares to a total of 5.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.53 million shares. There was a decline of -15.09%, which implies that there is a negative sentiment for the stock.
