Tuesday, October 31, 2017 10:15 PM ET
Insider at Discover Financial Services (DFS) Makes Significant Sale of Stock
There was a notable sale of shares of Discover Financial Services by an insider today, as revealed in a form 4 document filed with the SEC. One insider — R Mark Graf, Officer — disposed of 16,503 shares in the company having a market value of approximately $1,100,255. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 216,774 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 233,277 shares and have averaged 38,880 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Discover Financial Services is above the 20-company peer group average. Consumer Lending peer group saw 31 buy/sell trades during this period for an average of 1.6 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 25,000 shares purchased and 331,801 shares sold with company insiders disposing of 9,897 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to evaluate and write this story.
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