Large Inflow of Money Detected in Discover Financial Services

Discover Financial Services (DFS) : Discover Financial Services (DFS) had a healthy money flow of $1.29 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $20.11 million, whereas, investors only sold shares worth $18.82 million on downticks. The stock closed the day with an up-down ratio of 1.07.The money flow in the block trades to the tune of $0.18 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.18 million worth of transactions were on upticks. A paltry $2 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 1.09. Discover Financial Services (DFS) stock slid $0.75 intraday and traded at 56.23, a change of -1.32% over previous days close. However, for the week, the company shares are -2.07% compared to previous weeks close.


Also, Equity Analysts at the Deutsche Bank maintains the rating on Discover Financial Services (NYSE:DFS). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $61 per share to $63 per share. The rating by the firm was issued on May 4, 2016.

Discover Financial Services (NYSE:DFS): The stock opened at $56.14 on Wednesday but the bulls could not build on the opening and the stock topped out at $56.72 for the day. The stock traded down to $55.39 during the day, due to lack of any buying support eventually closed down at $56.30 with a loss of -1.19% for the day. The stock had closed at $56.98 on the previous day. The total traded volume was 3,908,557 shares.

The stock has recorded a 20-day Moving Average of 3.72% and the 50-Day Moving Average is 2.48%. 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 (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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