Large Outflow of Money Witnessed in Discover Financial Services

Discover Financial Services (DFS) had an volatile session and gained 0.03 points till last call. The price was at $69.31, gaining 0.04% till the last intraday data. The total uptick value was $22.61 million while the total downtick value was $25.43 million. The shares saw a net money flow of $(-2.82) million and the up/down ratio stood at 0.89. The stock has seen a change of of 0.36% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-3.1) million. Almost $6.92 million were received in upticks and approximately $10.02 million were lost in downticks, thereby giving the up/down ratio of 0.69.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Discover Financial Services has lost 0.64% in the last five trading days and dropped 4.61% in the last 4 weeks. Discover Financial Services is up 22.74% in the last 3-month period. Year-to-Date the stock performance stands at -4.61%. Discover Financial Services (NYSE:DFS) witnessed a decline in the market cap on Wednesday as its shares dropped 0.74% or 0.51 points. After the session commenced at $69.7, the stock reached the higher end at $70.2 while it hit a low of $68.68. With the volume soaring to 2,763,253 shares, the last trade was called at $68.77. The company has a 52-week high of $74.33. The company has a market cap of $26,593 million and there are 386,698,660 shares in outstanding. The 52-week low of the share price is $42.86.

Company has reported several Insider transactions to the SEC, on Jan 30, 2017, James V Panzarino (EVP) sold 10,000 shares at 69.21 per share price.On Jan 5, 2017, Diane E Offereins (EVP) sold 10,000 shares at 72.68 per share price.On Jan 5, 2017, David W Nelms (Chairman & CEO) sold 15,000 shares at 72.92 per share price.

Discover Financial Services Last issued its quarterly earnings results on Jan 24, 2017. The company reported $1.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.39. The company had revenue of $2358.00 million for the quarter, compared to analysts expectations of $2337.27 million. The companys revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Discover Financial Services was Downgraded by Susquehanna to Neutral on Jan 6, 2017. Discover Financial Services was Upgraded by BofA/Merrill to Buy on Dec 15, 2016. Company shares were Upgraded by Wedbush on Dec 7, 2016 to Outperform, Raises Price Target to $ 78 from a previous price target of $72 .

Discover Financial Services operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom. Discover Financial Services also operates the pulse ATM/debit network, which serves more than four thousand four hundred financial institutions and includes nearly two lakhs sixty thousand ATMs, as well as POS terminals, nationwide.


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