Manulife Financial Corp (MFC) : Traders are bullish on Manulife Financial Corp (MFC) as it has outperformed the S&P 500 by a wide margin of 0.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.23%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.56% in the last 1 week, and is up 0.59% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.11% and the fifty day Moving Average is 2.26%. Manulife Financial Corporation has dropped 7.43% during the last three month period . Year-to-Date the stock performance stands at -5.56%.
Manulife Financial Corp (MFC) : 4 Wall Street analysts covering Manulife Financial Corp (MFC) believe that the average level the stock could reach for the short term is $16.2. The maximum price target given is $18 and the minimum target for short term is around $15, hence the standard deviation is calculated at $1.08.
Manulife Financial Corp (NYSE:MFC): stock turned positive on Friday. Though the stock opened at $13.73, the bulls momentum made the stock top out at $13.99 level for the day. The stock recorded a low of $13.66 and closed the trading day at $13.71, in the green by 0.29%. The total traded volume for the day was 2,870,183. The stock had closed at $13.67 in the previous days trading.
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.