Shares of Discover Financial Services (DFS) Sees Large Inflow of Net Money Flow

Discover Financial Services (DFS) : The money flow analysis of Discover Financial Services (DFS) indicates a $17.95 million of outflow was on downticks, whereas, the investors on Monday gobbled up stocks worth $23.67 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.32 and so was the total money flow at $5.72 million. A solid up-down ratio of 14.98 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $8.58 million worth of block trades on upticks. Only $0.57 million worth of the stock exchanged hands on downticks. The money flow was $8 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Discover Financial Services (DFS), pushing it down by -0.57% for the day. The stock slid $0.33 and traded at $57.09 during the day. Nonetheless, the stock is 3.84% over the previous weeks close.


Discover Financial Services is up 10.44% in the last 3-month period. Year-to-Date the stock performance stands at 7.66%. Shares of Discover Financial Services rose by 2.61% in the last five trading days and 8.56% for the last 4 weeks. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP) of Discover Financial Services, Offereins Diane E had sold 10,000 shares worth of $536,600 in a transaction dated July 1, 2016. In this transaction, 10,000 shares were sold at $53.66 per share.

Discover Financial Services (NYSE:DFS): On Mondays trading session , Opening price of the stock was $57.4 with an intraday high of $57.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57. However, the stock managed to close at $57.09, a loss of 0.57% for the day. On the previous day, the stock had closed at $57.42. The total traded volume of the day was 2,961,925 shares.

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.

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