Darden CFO Rajesh Vennam sold $1.8 million in stock, cutting direct holdings by half

Management
โดย The Motley Fool·US·Read original
Summary · why it matters

Darden Restaurants CFO Rajesh Vennam sold 8,478 shares for $1.8 million, reducing his direct common stock position from 17,047 to 8,569 shares. The sale occurred at a weighted average price of $210.00, one day after the CEO also sold shares, following a nearly 10% stock bump. Darden recently posted its first $13 billion revenue year with 11.4% adjusted earnings growth, but issued fiscal-year earnings guidance of $11.10 to $11.35 per share, below analyst expectations.

Impact on stocks 1

Consumer Discretionary▼ · 1 stocks
Darden Restaurants Inc
DRI
▼ NegativeCapitalrelevance

CFO sold $1.8M in stock, halving his holdings, and guidance missed analyst expectations.

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