Shares of Discover Financial Services (DFS) Sees Large Outflow of Money

Discover Financial Services (DFS) : The total money flow in Discover Financial Services (DFS) was negative ($0.95 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $1.33 million. In comparison, the inflow of money into the stock on upticks was $0.38 million. The uptick to downtick ratio was 0.29. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $0.96 million. The negative money flow of ($0.96 million) confirms the selling in Discover Financial Services (DFS) on strength. Discover Financial Services (DFS) gained $0.24 at $53.12, a gain of 0.45% over the previous days close. However, the stock registered -1.06% in the week.


Discover Financial Services (DFS) : The consensus price target for Discover Financial Services (DFS) is $63.79 for the short term with a standard deviation of $5.37. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $75, however, the pessimist price target for the company is $56. The stock has recorded a 20-day Moving Average of 0.57% and the 50-Day Moving Average is 3.02%.

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 $52.81 and $52.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.22, notching a gain of 0.64% for the day. The total traded volume was 2,889,524 . The stock had closed at $52.88 on the previous day.

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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