Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Discover Financial Services shares valued at $3,748,193 were sold by Greene John on Jan 26 ’24. At $106.51 per share, Greene John sold 35,191 shares. The insider’s holdings dropped to 18,592 shares worth approximately $2.38 million following the completion of this transaction.
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As published in their initiating research note from BTIG Research on June 07, 2024, Discover Financial Services [DFS] has been a Neutral. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early February. As of January 19, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for DFS. Earlier on January 10, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for DFS stock.
Analyzing DFS Stock Performance
During the last five days, there has been a surge of approximately 3.32%. Over the course of the year, Discover Financial Services shares have jumped approximately 13.68%. Shares of the company reached a 52-week high of $131.65 on 03/28/24 and a 52-week low of $96.46 on 01/18/24. A 50-day SMA is recorded $124.13, while a 200-day SMA reached $107.95. Nevertheless, trading volume fell to 1.07 million shares from 0.99 million shares the previous day.
Support And Resistance Levels for Discover Financial Services (DFS)
According to the 24-hour chart, there is a support level at 126.25, which, if violated, would cause prices to drop to 124.73. In the upper region, resistance lies at 128.58. The next price resistance is at 129.39. RSI (Relative Strength Index) is 60.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.07, which suggests the price will increase in the coming days. Percent R is at 1.04%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
