Discover Financial Services (DFS) : The total negative money flow of $3.66 million on Thursday indicates selling on strength. The inflow of money on upticks was $20.08 million, compared to $23.74 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.85. The negative money flow of $0.98 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $4 million in a block trade.The transaction value of block trade on downtick was $4.98 million. The uptick to downtick ratio was 0.8. The price action in the Discover Financial Services (DFS) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $57.42 with a gain of $0.71 , a change of 1.25% over the previous days close. The stock registered 4.44% for the week.
The stock has recorded a 20-day Moving Average of 7.52% and the 50-Day Moving Average is 4.86%. Shares have dropped -5.33% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $59.88 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $54.60 and the 200 Day Moving Average price is recorded at $51.56.
Discover Financial Services (NYSE:DFS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.34 and $56.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.44, notching a gain of 1.29% for the day. The total traded volume was 3,313,400 . The stock had closed at $56.71 on the previous day.
In an insider trading activity, Offereins Diane E, officer (EVP) of Discover Financial Services, unloaded 10,000 shares at an average price of $53.66 on July 1, 2016. The total amount of the transaction was worth $536,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.