Darden Restaurants, Inc.’s recent filing unveils that its President, SRG Martin Melvin John unloaded Company’s shares for reported $0.49 million on Oct 04 ’24. In the deal valued at $163.30 per share,3,000 shares were sold. As a result of this transaction, Martin Melvin John now holds 12,601 shares worth roughly $2.04 million.
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Then, Martin Melvin John bought 3,000 shares, generating $489,126 in total proceeds.
Before that, Connelly Susan M. sold 3,320 shares. Darden Restaurants, Inc. shares valued at $542,576 were divested by the SVP, Chief Comm & PA Officer at a price of $163.43 per share. As a result of the transaction, Connelly Susan M. now holds 6,155 shares, worth roughly $1.0 million.
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 jump 1.43% to $162.20. Over the last five days, the stock has lost -1.12%. Darden Restaurants, Inc. shares have fallen nearly -1.28% since the year began. Nevertheless, the stocks have risen 14.07% over the past one year. While a 52-week high of $176.84 was reached on 03/04/24, a 52-week low of $135.87 was recorded on 07/11/24. SMA at 50 days reached $160.66, while 200 days put it at $156.66.
Levels Of Support And Resistance For DRI Stock
The 24-hour chart illustrates a support level at 160.61, which if violated will result in even more drops to 159.03. On the upside, there is a resistance level at 163.39. A further resistance level may holdings at 164.59. The Relative Strength Index (RSI) on the 14-day chart is 51.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.02%. Stochastics %K at 60.91% 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 2024-10-15, growing by 0.59 million shares to a total of 6.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.67 million shares. There was a rise of 9.44%, which implies that there is a positive sentiment for the stock.
