Large Outflow of Money Witnessed in Darden Restaurants

Shares of Darden Restaurants (NYSE:DRI) advanced to $67.57. The price had gained 0.06% or 0.04 points intraday. The latest trading session witnessed $8.33 million in upticks and $17.97 million in downticks, resulting in net money flow of (-9.64) million. The up/down ratio for the day stood at 0.46. On a weekly scale, the price has seen a change of -0.35%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-8.6) million occurred during the day. $0 million in uptick and $8.6 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.

Darden Restaurants, Inc. has dropped 0.5% in the last five trading days, however, the shares have posted positive gains of 7.03% in the last 4 weeks. Darden Restaurants, Inc. is up 1.04% in the last 3-month period. Year-to-Date the stock performance stands at 7.68%.

Currently the company Insiders own 10.05% of Darden Restaurants shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -39.22% . Institutional Investors own 0.25% of Darden Restaurants shares. During last six month period, the net percent change held by insiders has seen a change of -39.22%. . On the companys insider trading activities,The director of Darden Restaurants Inc, Stillman Alan N sold 2,000 shares at $65.3 on April 12, 2016. The Insider selling transaction had a total value worth of $130,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Darden Restaurants (NYSE:DRI) witnessed a decline in the market cap on Friday as its shares dropped 0.09% or 0.06 points. After the session commenced at $67.37, the stock reached the higher end at $67.64 while it hit a low of $66.87. With the volume soaring to 1,293,728 shares, the last trade was called at $67.47. The company has a 52-week high of $68.68. The company has a market cap of $8,550 million and there are 126,725,709 shares in outstanding. The 52-week low of the share price is $53.38.

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.

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