Significant Insider Sales in Shares of Discover Financial Services (DFS) Extends the Selling Trend of Last Quarter

Wednesday, January 31, 2018 10:15 PM ET

Significant Insider Sales in Shares of Discover Financial Services (DFS) Extends the Selling Trend of Last Quarter

Three insiders — Richard H Lenny, Director, Glenn P Schneider, Officer, and Edward W McGrogan, Officer — today, sold 21,805 shares of Discover Financial Services having a market value of approximately $1,765,675, as reported in form 4 documents filed with the SEC. There have been 5 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 201,516 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 223,321 shares and have averaged 27,915 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Discover Financial Services is higher than its 21-company peer group average. The Consumer Lending peer group saw 44 buy/sell trades during this period for an average of 2.1 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 325,603 shares sold with company insiders acquiring 1,369,443 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
* Richard H Lenny, Director, sold 6,870 shares
* Glenn P Schneider, Officer, sold 12,500 shares
* Edward W McGrogan, Officer, sold 2,435 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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2018 UpTick Data Technologies. All rights reserved.

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