The market has been high on Manulife Financial Corporation (MFC) stock recently. MFC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Manulife Financial Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MFC!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With MFC Stock Today?
Manulife Financial Corporation (MFC) stock is trading at $17.28 as of 1:38 PM on Friday, May 20, a decline of -$0.42, or -2.37% from the previous closing price of $17.70. Volume today is elevated. So far 11,062,429 shares have traded compared to average volume of 4,636,573 shares. The stock has traded between $17.20 and $17.81 so far today.
To see InvestorsObserver's Sentiment Score for Manulife Financial Corporation click here.
More About Manulife Financial Corporation
Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada's Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.
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