Discover Financial Services (DFS) : The value of composite uptick trades was $15.27 million, whereas, the value of composite downtick trades was $27.77 million. The uptick to downtick ratio stood at 0.55 with a negative money flow of ($12.5) Million during Tuesdays trading session. The block trades money flow was negative ($13.76 million).The uptick to the downtick ratio of 0.06 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $0.8 million. The transaction of the trades on downticks amounted to $14.56 million, which confirms investors selling on the strength of price. Discover Financial Services (DFS) gained 50 cents at $59.65, an increase of 0.85% over the previous days close.
Also, Credit Suisse maintains its rating on Discover Financial Services (NYSE:DFS). The global brokerage major lowers the current price target from $62 per share to $56.98 per share. Analysts at the Credit Suisse have a current rating of Outperform on the shares. The rating by the firm was issued on July 20, 2016.
Shares of Discover Financial Services rose by 2.72% in the last five trading days and 6.44% for the last 4 weeks. Discover Financial Services is up 5.28% in the last 3-month period. Year-to-Date the stock performance stands at 13.09%.
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 $59.16 and $59.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.65, notching a gain of 0.85% for the day. The total traded volume was 2,171,173 . The stock had closed at $59.15 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.