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 3.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.48%, 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 0.64% in the last 1 week, and is up 2.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.98% and the 50-Day Moving Average is 3.88%.The 200 Day SMA reached 3.69%
Manulife Financial Corp (NYSE:MFC): After opening at $14.07, the stock dipped to an intraday low of $13.97 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.19 and the buying power remained strong till the end. The stock closed at $14.11 for the day, a gain of 1.15% for the day session. The total traded volume was 2,349,838. The stocks close on the previous trading day was $14.11.
Manulife Financial Corp (MFC) stock is expected to deviate a maximum of $1.08 from the average target price of $16.2 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $15.
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.