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 $1,780,995 were sold by Martin Melvin John on Dec 26 ’24. At $188.07 per share, Martin Melvin John sold 9,470 shares. The insider’s holdings dropped to 12,611 shares worth approximately $2.35 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, M JOHN MARTIN purchased 9,470 shares, netting a total of over 1,780,995 in proceeds.
Before that, Vennam Rajesh had sold 7,228 shares from its account. In a trade valued at $1,313,375, the SVP, CFO traded Darden Restaurants, Inc shares for $181.71 each. Upon closing the transaction, the insider’s holdings decreased to 7,228 shares, worth approximately $1.92 million.
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 1.03%. Over the course of the year, Darden Restaurants, Inc shares have jumped approximately 13.63%. Shares of the company reached a 52-week high of $189.18 on 12/27/24 and a 52-week low of $135.87 on 07/11/24. A 50-day SMA is recorded $169.61, while a 200-day SMA reached $157.59. Nevertheless, trading volume fell to 0.83 million shares from 0.87 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 185.57, which, if violated, would cause prices to drop to 184.45. In the upper region, resistance lies at 188.14. The next price resistance is at 189.58. RSI (Relative Strength Index) is 64.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.54, which suggests the price will increase in the coming days. Percent R is at 8.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
