Insiders at Discover Financial Services (DFS) Make Significant Stock Sales Extends the Trend of Last Quarter

Thursday, January 04, 2018 10:15 PM ET

Insiders at Discover Financial Services (DFS) Make Significant Stock Sales Extends the Trend of Last Quarter

SEC filings today revealed notable insider sales of Discover Financial Services shares as five insiders — Nelms, Hochschild, Offereins, Corley, and Minetti — sold 72,258 shares in the company having a market value of approximately $5,550,119. 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 sale of 145,761 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 218,019 shares and have averaged 19,820 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 43 buy/sell trades during this period for an average of 2.2 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 27,714,462 shares purchased and 280,386 shares sold with company insiders having bought 1,192,786 shares on average over this time period.

Insider buying and selling activity that is significant has been determined by eliminating 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 in evaluating and writing 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 Natural Language Generation (NLG) technology, 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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