Discover Financial Services (DFS) Files Form 4 Insider Selling : David W Nelms Sells 15,000 Shares

Discover Financial Services (DFS): David W Nelms , Chairman & CEO of Discover Financial Services sold 15,000 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $53.61 per share for a total value of $804,175.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 6, 2016, Carlos Minetti (EVP) sold 10,000 shares at $53.54 per share price.On Jul 6, 2016, Roger C Hochschild (President & COO) sold 10,000 shares at $53.72 per share price.Also, On Jun 2, 2016, Diane E Offereins (EVP) sold 10,000 shares at $56.49 per share price.On Jun 2, 2016, David W Nelms (Chairman & CEO) sold 15,000 shares at $55.96 per share price.

Shares of Discover Financial Services (DFS) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -1.36 points or -2.53% at $52.33 with 29,35,237 shares getting traded. Post opening the session at $53.3, the shares hit an intraday low of $52.13 and an intraday high of $53.3 and the price vacillated in this range throughout the day. The company has a market cap of $21,572 M and the number of outstanding shares has been calculated to be 41,22,25,310 shares. The 52-week high of Discover Financial Services is $59.88 and the 52-week low is $42.86.

Discover Financial Services Money Flow Index Chart

Company has been under the radar of several Street Analysts.Discover Financial Services is Downgraded by Macquarie to Neutral. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 11, 2016.Discover Financial Services is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 62 from a previous price target of $60 .The Rating was issued on Apr 20, 2016.

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 Company’s network partners business which provides payment transaction processing and settlement services on the Discover Network.

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