Manulife Financial Corp (MFC) has been under a strong bear grip, hence the stock is down -5.77% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.74% in the past 1 week. The stock has risen by 5.29% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.65% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 1.14% and the 50-Day Moving Average is 2.27%.
Manulife Financial Corp (NYSE:MFC): The stock opened at $13.82 on Friday but the bulls could not build on the opening and the stock topped out at $13.82 for the day. The stock traded down to $13.69 during the day, due to lack of any buying support eventually closed down at $13.73 with a loss of -0.22% for the day. The stock had closed at $13.76 on the previous day. The total traded volume was 1,179,873 shares.
Institutional Investors own 49.5% 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.