Manulife Financial Corp (MFC) Shares are Down -4.11%

Manulife Financial Corp (MFC) has risen sharply, recording gains of 0.23% in the past 4 weeks. However, the stock has corrected -4.11% in the past 1 week, providing a good buying opportunity on dips. Manulife Financial Corp (MFC) : During the past 4 weeks, traders have been relatively bearish on Manulife Financial Corp (MFC), hence the stock is down -2.2% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.52% relative to the S&P 500.

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 $13.02 and $12.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.07, notching a gain of 0.46% for the day. The total traded volume was 3,039,507 . The stock had closed at $13.01 on the previous day.

The stock has recorded a 20-day Moving Average of 3.68% and the 50-Day Moving Average is 5.99%. Manulife Financial Corporation has dropped 7.28% during the last 3-month period . Year-to-Date the stock performance stands at -10.92%.

Manulife Financial Corp (MFC) : Average target price received by Manulife Financial Corp (MFC) is $16.64 with an expected standard deviation of $1.42. The most aggressive target on the stock is $18, whereas the most downbeat target is $15. 4 financial analysts are currently covering the stock.


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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