Company Shares of Manulife Financial Corp Drops by -1.13%

Manulife Financial Corp (NYSE:MFC) has tumbled 1.13% during the past week and has dropped 2.58% in the last 4 week period. The company has outperformed the S&P 500 by 0.05% in the past week but underperformed the index by 3.47% in the last 4 weeks.

Manulife Financial Corp (NYSE:MFC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.99 and $13.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.96, notching a gain of 0.43% for the day. The total traded volume was 2,093,709 . The stock had closed at $13.90 on the previous day.

The company shares have dropped -27.82% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $19.59 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $14.38 and the 200 Day Moving Average price is recorded at $14.10.

Institutional Investors own 49.46% of Manulife Financial Corp shares.

Manulife Financial Corp is a Canada-based financial services and life insurance company. The Company offers financial protection and wealth management products and services. It caters to personal and business clients. It also provides asset management services to institutional customers. Its operating segments are Asia, Canadian and U.S. Divisions, and the Corporate and Other segment. Its Asia, Canadian and U.S. Divisions segment offers protection and wealth management services, such as life insurance and individual group long-term care insurance, annuities, pension contracts and mutual fund products and services, retirement products, and deposit and credit products to Canadian customers, among others. The Companys Corporate and Other segment consists of investment performance on assets backing capital, net of amounts allocated to operating division and financing costs, external asset management business, and property and casualty (P&C) reinsurance business, among others.

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