Insider Sales at Discover Financial Services (DFS) Extends the Selling Trend of Last Quarter

Tuesday, September 05, 2017 10:15 PM ET

Insider Sales at Discover Financial Services (DFS) Extends the Selling Trend of Last Quarter

Five insiders — Nelms, Hochschild, Offereins, Corley, and Minetti — disposed of 72,258 shares of Discover Financial Services having a market value of approximately $4,288,917, today, as revealed in form 4 documents filed with the SEC. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 145,744 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 218,002 shares and have averaged 19,818 shares per transaction over this time period.

The number of insider buy/sell trades at Discover Financial Services is higher than that of the 20 peer company average over the last 90-day period. The Consumer Lending peer group saw 24 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Discover Financial Services insiders is lower than its peers. Within the peer group there were 477,000 shares purchased and 190,594 shares sold with company insiders having bought 17,900 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.

Today’s Insider Activity
* David W Nelms, Director and Officer, sold 30,000 shares
* Roger C Hochschild, Officer, sold 15,258 shares
* Diane E Offereins, Officer, sold 15,000 shares
* Kathryn McNamara Corley, Officer, sold 4,000 shares
* Carlos Minetti, Officer, sold 8,000 shares

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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