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Stock Investors Sell Off Shares of Darden Restaurants, Down 2.2%

Published on Wed, 06/12/2013 - 10:36
By Mallory Stone

Darden Restaurants (NYSE:DRI) is one of today's biggest movers, down 2.2% to $53.01. The S&P is currently trading fractionally higher to 1,628 and the Dow Jones Industrial Average is trading fractionally higher to 15,134.

Darden Restaurants (NYSE:DRI) is currently priced 3.7% above its average consensus analyst price target of $51.04. The stock should discover initial support at its 50-day moving average (MA) of $51.85 and subsequent support at its 200-day MA of $50.38.

Darden Restaurants, Inc. operates casual dining restaurants in North America. The Company owns and operates seafood and Italian restaurants.

In the past 52 weeks, Darden Restaurants share prices have been bracketed by a low of $44.11 and a high of $57.93 and are now at $53.01, 20% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 0.38% higher over the past week, respectively.

By Mallory Stone
mstone@fnno.com