The market has been high on Discover Financial Services (DFS) stock recently. DFS gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With DFS Stock Today?
Discover Financial Services (DFS) stock has gained 3.26% while the S&P 500 is down -1.63% as of 10:53 AM on Friday, Oct 23. DFS has gained $2.16 from the previous closing price of $66.16 on volume of 1,245,579 shares. Over the past year the S&P 500 is higher by 14.06% while DFS is down -15.15%. DFS earned $3.26 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.78.
To see InvestorsObserver's Sentiment Score for Discover Financial Services click here.
More About Discover Financial Services
Discover Financial Services is a bank operating in two distinct segments: direct banking and payments. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. In addition, it generates revenue from payments processed on the Discover network. The Discover Network is the third- largest payment network as ranked by overall merchant acceptance, trailing Visa and Mastercard.
Click Here to get the full Stock Score Report on Discover Financial Services (DFS) Stock.
