Investors who are waiting for rising inflation and interest rates to have a negative impact on a company’s earnings will have to wait a few quarters in Darden Restaurants, Inc. (NYSE:DRI).
The price action in the issue following its fourth-quarter beat and raised guidance makes it the PreMarket Prep Stock of the Day.
Darden's Retreat From All-Time High: Darden made its all-time high last September at $164.28 and has been in the red in seven of the following nine months. The current low for the move was made on June 16 at $110.96. That marks the lowest level for the issue since it bottomed just below that level at $110.89.
