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

Monday, February 05, 2018 10:15 PM ET

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

There was a notable level of share sales at Discover Financial Services today, as disclosed in filings with the SEC. Five insiders — Hochschild, Offereins, Corley, Minetti, and Graf — sold 152,697 shares in the company having a market value of approximately $12,271,103. There have been 8 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 166,321 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 319,018 shares and have averaged 24,540 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Discover Financial Services is greater than its 21-company peer group average. The Consumer Lending peer group saw 41 buy/sell trades during this period for an average of 2.0 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 282,908 shares sold with company insiders having bought 1,246,889 shares on average over this time period.

The data used in composing 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
* Roger C Hochschild, Officer, sold 40,859 shares
* Diane E Offereins, Officer, sold 31,793 shares
* Kathryn McNamara Corley, Officer, sold 11,447 shares
* Carlos Minetti, Officer, sold 24,794 shares
* R Mark Graf, Officer, sold 43,804 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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