Large Inflow of Money Detected in Discover Financial Services

Discover Financial Services (DFS) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $12.61 million worth of transactions were on upticks, whereas, the downticks accounted for $10.62 million worth of transactions. The net money flow was a positive $1.98 million and the uptick to downtick ratio was 1.19. The net money flow into the stock was $1.81 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.81 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Discover Financial Services (DFS) was trading at $58.06, down $0.12 during day. The stock slid -0.2% over the previous days close. For the week, the stock recorded 0.46% over the previous weeks close.


Shares of Discover Financial Services rose by 0.43% in the last five trading days and 1.92% for the last 4 weeks. Discover Financial Services is up 7.5% in the last 3-month period. Year-to-Date the stock performance stands at 10.36%.

Discover Financial Services (NYSE:DFS): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.22 and $57.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.21, notching a gain of 0.07% for the day. The total traded volume was 2,106,402 . The stock had closed at $58.17 on the previous day.

In a related news,The officer (EVP) of Discover Financial Services, Offereins Diane E sold 10,000 shares at $56.56 on August 1, 2016. The Insider selling transaction had a total value worth of $565,600. 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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