In a filing, Discover Financial Services revealed 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.
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BTIG Research initiated its Discover Financial Services [DFS] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early February from “an Equal-weight” to “an Overweight”. HSBC Securities also remained covering DFS and has decreased its forecast on January 19, 2024 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank started covering the stock on January 10, 2024. It rated DFS as “a Hold”.
Price Performance Review of DFS
On Monday, Discover Financial Services [NYSE:DFS] saw its stock jump 0.73% to $125.81. Over the last five days, the stock has gained 2.44%. Discover Financial Services shares have risen nearly 11.93% since the year began. Nevertheless, the stocks have risen 10.76% 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 $124.44, while 200 days put it at $106.75. A total of 1.12 million shares were traded, compared to the trading of 0.92 million shares in the previous session.
Levels Of Support And Resistance For DFS Stock
The 24-hour chart illustrates a support level at 123.92, which if violated will result in even more drops to 122.02. On the upside, there is a resistance level at 126.82. A further resistance level may holdings at 127.82. The Relative Strength Index (RSI) on the 14-day chart is 57.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.01%. Stochastics %K at 75.14% indicates the stock is a holding.
