Shares of Darden Restaurants are trading down 10.0% to $47.20 today on above average volume. Approximately 8.3 million shares have changed hands today vs. average 30-day volume of 1.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.
Darden Restaurants has overhead space with shares priced $47.20, or 21.8% below the average consensus analyst price target of $60.38. The stock should run into initial resistance at its 200-day moving average (MA) of $51.92 and subsequent resistance at its 50-day MA of $53.72.
In the past 52 weeks, Darden Restaurants share prices have been bracketed by a low of $41.65 and a high of $57.93 and are now at $47.20, 13% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.
Darden Restaurants, Inc. operates casual dining restaurants in North America. The Company owns and operates seafood and Italian restaurants.