Manulife Financial Stock Falls On Unusually High Volume (MFC)
Manulife Financial Corporation (NYSE:MFC) is trading at unusually high volume Monday with 3.8 million shares changing hands. It is currently at two times its average daily volume and trading down 52 cents (-3.3%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Manulife Financial Corporation (NYSE: MFC) is trading at unusually high volume Monday with 3.8 million shares changing hands. It is currently at two times its average daily volume and trading down 52 cents (-3.3%) at $15.49 as of 4:04 p.m. ET.
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Manulife Financial has a market cap of $29.71 billion and is part of the financial sector and insurance industry. Shares are up 17.8% year to date as of the close of trading on Friday. Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. The company has a P/E ratio of 31.2, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Manulife Financial as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Manulife Financial Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..