Price Action Alert: Time to Buy Manulife Financial Corporation (USA) After Today’s Big Increase?

Price Action Alert: Time to Buy Manulife Financial Corporation (USA) After Today's Big Increase?

The stock of Manulife Financial Corporation (USA) (NYSE:MFC) is a huge mover today! About 3.61M shares traded hands or 64.84% up from the average. Manulife Financial Corporation (USA) (NYSE:MFC) has risen 13.43% since April 8, 2016 and is uptrending. It has outperformed by 7.79% the S&P500.
The move comes after 7 months positive chart setup for the $32.46 billion company. It was reported on Nov, 10 by Barchart.com. We have $25.28 PT which if reached, will make NYSE:MFC worth $18.50 billion more.

Manulife Financial Corporation (USA) (NYSE:MFC) Ratings Coverage

Out of 5 analysts covering Manulife Financial Corp. (NYSE:MFC), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Manulife Financial Corp. has been the topic of 8 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by TD Securities given on Friday, August 7. Bank of America initiated the stock with “Buy” rating in Wednesday, August 24 report. The firm earned “Outperform” rating on Friday, November 13 by RBC Capital Markets. The stock has “Sector Perform” rating given by IBC on Thursday, August 4. As per Wednesday, September 21, the company rating was initiated by Dundee Securities. The firm has “Outperform” rating given on Friday, August 7 by RBC Capital Markets.

According to Zacks Investment Research, “Manulife Financial Corporation is engaged in providing financial protection products and investment management services to individuals, families, businesses and groups in selected international markets.”

More notable recent Manulife Financial Corporation (USA) (NYSE:MFC) news were published by: Fool.ca which released: “Why Manulife Financial Corp. Could Outperform in 2017” on November 03, 2016, also Fool.ca with their article: “Why Manulife Financial Corp. Should Be Part of Every Portfolio” published on October 27, 2016, Fool.ca published: “Manulife Financial Corp. Looks to Buybacks: Is the Stock Cheap?” on October 04, 2016. More interesting news about Manulife Financial Corporation (USA) (NYSE:MFC) were released by: Fool.ca and their article: “Why Manulife Financial Corp. and TMX Group Limited Have Moved Over 4%” published on August 04, 2016 as well as Fool.ca‘s news article titled: “Why Asia Is Key for Manulife Financial Corp. to Succeed” with publication date: August 29, 2016.

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