Discover Financial Services (DFS) : Traders are bullish on Discover Financial Services (DFS) as it has outperformed the S&P 500 by a wide margin of 4.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.9%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.44% in the last 1 week, and is up 8.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.05% and the 50-Day Moving Average is 4.75%.
Discover Financial Services (NYSE:DFS): The stock opened at $57.67 on Friday but the bulls could not build on the opening and the stock topped out at $57.68 for the day. The stock traded down to $57.01 during the day, due to lack of any buying support eventually closed down at $57.42 with a loss of -0.03% for the day. The stock had closed at $57.44 on the previous day. The total traded volume was 2,408,001 shares.
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 -9.27% . Institutional Investors own 86.9% of Discover Financial Services shares. During last six month period, the net percent change held by insiders has seen a change of -15.13%. 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.