Wednesday, October 04, 2017 10:15 PM ET
Discover Financial Services (DFS) sees Significant Insider Sales Extending the Trend of Last Quarter
In SEC filings today Discover Financial Services reported five insiders — Nelms, Hochschild, Offereins, Corley, and Minetti — disposed of 72,258 shares in the company having a market value of approximately $4,674,296. 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.
Discover Financial Services insider trading represents a level of buy/sell trades that is above for the 20 peer company average over the last 90-day period. The Consumer Lending peer group saw 22 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Discover Financial Services insiders was also higher. Within the peer group there were 27,000 shares purchased and 220,271 shares sold with company insiders disposing of 8,785 shares on average.
The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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
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