In a filing, Darden Restaurants, Inc revealed its Officer RAJESH VENNAM acquired Company’s shares for reported $1.31 million on Dec 23 ’24. In the deal valued at $181.71 per share,7,228 shares were bought.
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Then, Martin Melvin John sold 3,000 shares, generating $489,895 in total proceeds. Upon selling the shares at $163.30, the President, SRG now owns 12,601 shares.
Before that, Martin Melvin John bought 3,000 shares. Darden Restaurants, Inc shares valued at $489,126 were divested by the Director at a price of $163.04 per share.
Goldman initiated its Darden Restaurants, Inc [DRI] rating to a Neutral in a research note published on December 05, 2024; the price target was $183. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid September from “an In-line” to “an Outperform”. Bernstein also remained covering DRI and has decreased its forecast on September 20, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. TD Cowen revised its rating on July 23, 2024. It rated DRI as “a Hold” which previously was an “a Buy”.
Price Performance Review of DRI
On Monday, Darden Restaurants, Inc [NYSE:DRI] saw its stock fall -1.49% to $184.79. Over the last five days, the stock has gained 10.28%. Darden Restaurants, Inc shares have risen nearly 12.47% since the year began. Nevertheless, the stocks have risen 13.92% over the past one year. While a 52-week high of $188.88 was reached on 12/20/24, a 52-week low of $135.87 was recorded on 07/11/24. SMA at 50 days reached $167.06, while 200 days put it at $157.22.
Levels Of Support And Resistance For DRI Stock
The 24-hour chart illustrates a support level at 180.69, which if violated will result in even more drops to 176.59. On the upside, there is a resistance level at 188.68. A further resistance level may holdings at 192.57. The Relative Strength Index (RSI) on the 14-day chart is 65.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.00%. Stochastics %K at 87.71% 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 2024-11-29, growing by 0.24 million shares to a total of 6.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.44 million shares. There was a rise of 3.54%, which implies that there is a positive sentiment for the stock.
