Discover Financial Services (NYSE:DFS) has tumbled 6.22% during the past week and has dropped 3.88% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.09%. Discover Financial Services (NYSE:DFS) has underperformed the index by 4.75% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Discover Financial Services (NYSE:DFS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.65 and $52.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.80, notching a gain of 0.40% for the day. The total traded volume was 3,391,046 . The stock had closed at $52.59 on the previous day.
The company shares have dropped -10.71% 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 $55.47 and the 200 Day Moving Average price is recorded at $51.78.
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.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Discover Financial Services (NYSE:DFS). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $63 per share from a prior target of $61. The rating by the firm was issued on May 4, 2016. 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%.
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.