While this happened, Barclays initiated its Manulife Financial Corp [MFC] rating to an Equal weight in a research note published recently. A number of analysts have revised their coverage, including National Bank Financial’s analysts, who increased its forecast for the stock in early May from “a Sector perform” to “an Outperform”. Jefferies began covering MFC with “Buy” recommendation on February 22, 2024. RBC Capital Mkts revised its rating on December 12, 2023. It rated MFC as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of MFC
On Monday, Manulife Financial Corp [NYSE:MFC] saw its stock fall -0.73% to $28.40. Over the last five days, the stock has gained 1.28%. Manulife Financial Corp shares have fallen nearly -7.52% since the year began. Nevertheless, the stocks have risen 24.45% over the past one year. While a 52-week high of $33.07 was reached on 02/20/25, a 52-week low of $22.81 was recorded on 04/07/25. SMA at 50 days reached $29.80, while 200 days put it at $29.33.
Levels Of Support And Resistance For MFC Stock
The 24-hour chart illustrates a support level at 28.11, which if violated will result in even more drops to 27.82. On the upside, there is a resistance level at 28.71. A further resistance level may holdings at 29.02. The Relative Strength Index (RSI) on the 14-day chart is 44.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.61%. Stochastics %K at 40.56% indicates the stock is a holding.
How much short interest is there in Manulife Financial Corp?
A steep rise in short interest was recorded in Manulife Financial Corp stocks on 2025-03-31, dropping by -39.43 million shares to a total of 6.19 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 45.62 million shares. There was a decline of -636.57%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 12, 2023 when Credit Suisse began covering the stock and recommended ‘”a Neutral”‘ rating .
