Darden Restaurants (DRI) has been under a strong bear grip, hence the stock is down -0.01% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.35% in the past 1 week. The stock has risen by 1.86% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.14% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.38% and the 50-Day Moving Average is 0.03%.The 200 Day SMA reached 0.11%. Darden Restaurants, Inc. has dropped 6.61% during the last 3-month period . Year-to-Date the stock performance stands at 0.38%.
Darden Restaurants (NYSE:DRI): After opening at $62.07, the stock dipped to an intraday low of $62.07 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $62.71 and the buying power remained strong till the end. The stock closed at $62.33 for the day, a gain of 0.71% for the day session. The total traded volume was 1,253,369. The stocks close on the previous trading day was $61.89.
Darden Restaurants, Inc. is a full service restaurant company. The Company owns and operates more than 1,500 restaurants. The Companys restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie Vs Prime Seafood, Wildfish Seafood Grill and Yard House. Through subsidiaries, the Company owns and operates all of its restaurants in the United States and Canada, except for three restaurants located in Florida and three restaurants in California, which are owned jointly by the Company and third parties, and managed by the Company, seven franchised restaurants in Puerto Rico and one Atlanta, Georgia airport location.