In a filing, Darden Restaurants, Inc revealed its President, SRG Martin Melvin John unloaded Company’s shares for reported $1.78 million on Dec 26 ’24. In the deal valued at $188.07 per share,9,470 shares were sold. As a result of this transaction, Martin Melvin John now holds 12,611 shares worth roughly $2.37 million.
Then, M JOHN MARTIN bought 9,470 shares, generating $1,780,995 in total proceeds.
Before that, Vennam Rajesh sold 7,228 shares. Darden Restaurants, Inc shares valued at $1,313,375 were divested by the SVP, CFO at a price of $181.71 per share. As a result of the transaction, Vennam Rajesh now holds 10,262 shares, worth roughly $1.93 million.
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 Friday, Darden Restaurants, Inc [NYSE:DRI] saw its stock jump 0.65% to $187.72. Over the last five days, the stock has lost -0.50%. Darden Restaurants, Inc shares have risen nearly 0.55% since the year began. Nevertheless, the stocks have risen 17.03% over the past one year. While a 52-week high of $189.18 was reached on 01/02/25, a 52-week low of $135.87 was recorded on 01/02/25. SMA at 50 days reached $170.59, while 200 days put it at $157.73.
Levels Of Support And Resistance For DRI Stock
The 24-hour chart illustrates a support level at 186.36, which if violated will result in even more drops to 184.99. On the upside, there is a resistance level at 188.65. A further resistance level may holdings at 189.57. The Relative Strength Index (RSI) on the 14-day chart is 65.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.95%. Stochastics %K at 92.52% 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.
