Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Darden Restaurants, Inc shares valued at $1,313,375 were purchased by RAJESH VENNAM on Dec 23 ’24. At $181.71 per share, RAJESH VENNAM acquired 7,228 shares.
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Also, Martin Melvin John sold 3,000 shares, netting a total of over 489,895 in proceeds. Following the sale of shares at $163.30 each, the insider now holds 12,601 shares.
Before that, Martin Melvin John had added 3,000 shares to its account. In a trade valued at $489,126, the Director bought Darden Restaurants, Inc shares for $163.04 each.
As published in their initiating research note from Goldman on December 05, 2024, Darden Restaurants, Inc [DRI] has been a Neutral and the price target has been revised to $183. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in mid September. As of September 20, 2024, Bernstein has decreased its “an Outperform” rating to a “Mkt perform” for DRI. Earlier on July 23, 2024, TD Cowen downgraded its rating. Their new recommendation was “a Hold” for DRI stock which previously was a “a Buy”.
Analyzing DRI Stock Performance
During the last five days, there has been a surge of approximately 12.81%. Over the course of the year, Darden Restaurants, Inc shares have jumped approximately 13.60%. Shares of the company reached a 52-week high of $188.88 on 12/20/24 and a 52-week low of $135.87 on 07/11/24. A 50-day SMA is recorded $167.65, while a 200-day SMA reached $157.30. Nevertheless, trading volume fell to 0.63 million shares from 2.04 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 184.40, which, if violated, would cause prices to drop to 182.14. In the upper region, resistance lies at 187.85. The next price resistance is at 189.04. RSI (Relative Strength Index) is 66.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.00, which suggests the price will increase in the coming days. Percent R is at 7.63%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
