Discover Financial Services’s filing revealed that its EVP – Chief HR & Admin Officer Eichfeld Robert Andrew unloaded Company’s shares for reported $1.54 million on Mar 03. In the deal valued at $114.18 per share,13,477 shares were sold. As a result of this transaction, Eichfeld Robert Andrew now holds 31,509 shares worth roughly $ 2.89 million.
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Then, Minetti Carlos sold 7,000 shares, generating $826,000 in total proceeds. Upon selling the shares at $118.00, the EVP, Pres. – Consumer Banking now owns 114,493 shares.
Before that, Minetti Carlos sold 7,000 shares. Discover Financial Services shares valued at $809,550 were divested by the EVP, Pres. – Consumer Banking at a price of $115.65 per share. As a result of the transaction, Minetti Carlos now holds 121,493 shares, worth roughly $11.15 million.
Wolfe Research upgraded its Discover Financial Services [DFS] rating to an Outperform from a a Peer perform in a research note published on Tuesday. PT values the company’s stock at a premium of 11.72 to its Tuesday closing price.
Price Performance Review of DFS
On Tuesday, Discover Financial Services [NYSE:DFS] saw its stock fall -0.27% to $91.81. On the same session, the stock had its day’s lowest price of $91.055, but rose to a high of $92.41. Over the last five days, the stock has gained 2.55%. Discover Financial Services shares have fallen nearly -6.15% since the year began. Nevertheless, the stocks have fallen -8.23% over the past one year. While a 52-week high of $122.50 was reached on 07/19/23, a 52-week low of $87.64 was recorded on 08/23/23. SMA at 50 days reached $105.02, while 200 days put it at $104.95. A total of 2.24 million shares were traded, compared to the trading of 1.44 million shares in the previous session.
Levels Of Support And Resistance For DFS Stock
The 24-hour chart illustrates a support level at 91.11, which if violated will result in even more drops to 90.40. On the upside, there is a resistance level at 92.46. A further resistance level may holdings at 93.11. The Relative Strength Index (RSI) on the 14-day chart is 37.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.38%. Stochastics %K at 57.68% indicates the stock is a holding.
How much short interest is there in Discover Financial Services?
A steep rise in short interest was recorded in Discover Financial Services stocks on Aug 14, 2023, dropping by 70000.0 shares to a total of 5.05 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.12 million shares. There was a decline of -1.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.37% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.9.
According to FactSet, Discover Financial Services’s share price will average $112.86 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.03 percent from its previous closing price of $92.06. Analysts expect Discover Financial Services stock to reach the higher price of $137.00, while the lowest price estimate is $90.00. However, 23 analysts have rated DFS stock as an Overweight in their predictions for 2023.