Large Inflow of Money Witnessed in Discover Financial Services

Discover Financial Services (NYSE:DFS) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $53.15 with a loss of -0.03 points or -0.06%. The net money flow was $2.07 million and the up/down ratio was 1.18. Approximately $13.32 million was the inflow in upticks and $11.25 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of 0.66%.The shares witnessed a block transaction with a net money flow of $2.58 million. The total money in uptick was $2.58 million and in downtick was $0 million with the up/down ratio reaching 0.


The stock has recorded a 20-day Moving Average of 4.26% and the 50-Day Moving Average is 3.17%. The company shares have dropped 10.62% in the past 52 Weeks. On July 21, 2015 The shares registered one year high of $59.88 and one year low was seen on February 11, 2016 at $42.86. The 50-day moving average is $55.39 and the 200 day moving average is recorded at $51.7. S&P 500 has rallied 1.93% during the last 52-weeks.

Discover Financial Services (NYSE:DFS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.40 and $52.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.28, notching a gain of 0.19% for the day. The total traded volume was 2,518,710 . The stock had closed at $53.18 on the previous day.

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%. 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.

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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