Discover Financial Services (DFS) : Traders are bullish on Discover Financial Services (DFS) as it has outperformed the S&P 500 by a wide margin of 2.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.24%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.67% in the last 1 week, and is up 5.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Discover Financial Services (NYSE:DFS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.03 and $56.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.79, notching a gain of 2.27% for the day. The total traded volume was 2,138,970 . The stock had closed at $56.51 on the previous day.
The stock has recorded a 20-day Moving Average of 2.73% and the 50-Day Moving Average is 5.01%. Discover Financial Services is up 5.2% in the last 3-month period. Year-to-Date the stock performance stands at 9.56%.
Discover Financial Services (DFS) stock is expected to deviate a maximum of $5.44 from the average target price of $64.93 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $75 and the most muted being $58.
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company provides direct banking products and services and payment services through its subsidiaries. The Company manages its business activities in two segments: Direct Banking and Payment Services. Direct Banking segment includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including private student loans, personal loans, home loans, home equity loans, prepaid cards and other consumer lending and deposit products. The Payment Services segment includes PULSE, Diners Club and the Companys network partners business, which provides payment transaction processing and settlement services on the Discover Network.