Large Outflow of Money Witnessed in Discover Financial Services

Discover Financial Services (NYSE:DFS) managed to eke out gains of 0.42% in intraday trade. The share price increased by 0.22 points to $52.81. Till last observation, the net money flow was recorded at a negative $(-14.34) million. The total inflow of $12.94 million in upticks was completely overshadowed by an outflow of $27.27 million in downticks, giving the up/down ratio a value of 0.47. The shares have seen a change of -6.2% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $14.19 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-14.19) million.

Discover Financial Services has lost 6.22% in the last five trading days and dropped 3.24% in the last 4 weeks. Discover Financial Services is up 4.89% in the last 3-month period. Year-to-Date the stock performance stands at -0.43%.

Currently the company Insiders own 1.07% of Discover Financial Services shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.82% . Institutional Investors own 87.13% of Discover Financial Services shares. During last six month period, the net percent change held by insiders has seen a change of -7.87%. . On the companys insider trading activities,The officer (President & COO) of Discover Financial Services, Hochschild Roger C sold 10,000 shares at $56.03 on June 1, 2016. The Insider selling transaction had a total value worth of $560,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Discover Financial Services (NYSE:DFS) rose 0.4% or 0.21 points on Friday and made its way into the gainers of the day. After trading began at $52.65 the stock was seen hitting $53.24 as a peak level and $52.43 as the lowest level. The stock ended up at $52.8. The daily volume was measured at 3,391,046 shares. The 52-week high of the share price is $59.88 and the 52-week low is $42.86. The company has a market cap of $21,765 million.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *