Discover Financial Services’s recently made public that its EVP, Chief Financial Officer Greene John unloaded Company’s shares for reported $3.75 million on Jan 26 ’24. In the deal valued at $106.51 per share,35,191 shares were sold. As a result of this transaction, Greene John now holds 18,592 shares worth roughly $2.34 million.
Morgan Stanley upgraded its Discover Financial Services [DFS] rating to an Overweight from a an Equal-weight in a research note published on February 08, 2024; the price target was increased to $133 from $105. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. Deutsche Bank began covering DFS with “Hold” recommendation on January 10, 2024. Piper Sandler revised its rating on January 03, 2024. It rated DFS as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of DFS
On Monday, Discover Financial Services [NYSE:DFS] saw its stock fall -0.12% to $125.71. Over the last five days, the stock has lost -2.84%. Discover Financial Services shares have risen nearly 11.84% since the year began. Nevertheless, the stocks have risen 29.07% over the past one year. While a 52-week high of $131.65 was reached on 03/28/24, a 52-week low of $79.04 was recorded on 01/18/24. SMA at 50 days reached $118.67, while 200 days put it at $103.25. A total of 1.0 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For DFS Stock
The 24-hour chart illustrates a support level at 125.10, which if violated will result in even more drops to 124.49. On the upside, there is a resistance level at 126.82. A further resistance level may holdings at 127.94. The Relative Strength Index (RSI) on the 14-day chart is 54.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.47%. Stochastics %K at 48.52% 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 Mar 15, 2024, growing by 60000.0 shares to a total of 2.96 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.9 million shares. There was a rise of 2.03%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.36% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.88.
