Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Darden Restaurants, Inc shares valued at $200,244 were purchased by Margaret S. Atkins on Jan 15 ’25. At $182.04 per share, Margaret S. Atkins acquired 1,100 shares.
Also, Burrowes Todd sold 15,783 shares, netting a total of over 2,888,793 in proceeds. Following the sale of shares at $183.03 each, the insider now holds 46,288 shares.
Before that, TODD BURROWES had added 15,783 shares to its account. In a trade valued at $2,888,792, the Officer bought Darden Restaurants, Inc shares for $183.03 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 drop of approximately -1.45%. Over the course of the year, Darden Restaurants, Inc shares have dropped approximately -3.02%. Shares of the company reached a 52-week high of $188.52 on 01/02/25 and a 52-week low of $179.00 on 01/13/25. A 50-day SMA is recorded $173.99, while a 200-day SMA reached $158.37. Nevertheless, trading volume fell to 0.76 million shares from 0.88 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 179.80, which, if violated, would cause prices to drop to 178.55. In the upper region, resistance lies at 182.37. The next price resistance is at 183.69. RSI (Relative Strength Index) is 52.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.17, which suggests the price will decrease in the coming days. Percent R is at 79.76%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
