Short-seller Muddy Waters takes aim at Manulife Financial, relying on unique court case [Toronto Globe and Mail (Ontario, Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
Check Earnings Report
US:NYSE Investor Relations:
manulife.com/investor-relations
Company Research
Source: Toronto Globe and Mail
A well-known American short-seller is betting against Manulife Financial Corp., arguing that a lawsuit the insurer faces could put it at risk of significant financial damage. Run by Carson Block, Muddy Waters LLC on Thursday revealed a short position in Manulife. The short-seller hopes there will be a drop in the Canadian life insurance giant’s share price if it loses a little-known lawsuit launched by a hedge fund. In a statement, Manulife rejected Muddy Waters' assertions that they could lose the trial or that its business was in any danger. Muddy Waters is best-known in Canada for a successful bet against Sino-Forest Corp. in 2011. Manulife’s stock declined 2.8 per cent on Thursday, ending the day at $22.54. Story continues below advertisement The lawsuit pertains to a 1997 universal life insurance contract that was originally held by a doctor but purchased by hedge fund Mosten Investment LP in 2010. Universal life contracts were popular i
Show less
Read more
Impact Snapshot
Event Time:
MFC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MFC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MFC alerts
High impacting Manulife Financial Corporation news events
Weekly update
A roundup of the hottest topics
MFC
News
- Manulife Financial Corporation announces Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 15 [Yahoo! Finance]Yahoo! Finance
- Manulife Financial Corporation announces Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 15PR Newswire
- Manulife to Release First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Manulife to Release First Quarter 2024 ResultsPR Newswire
- Manulife Investment Management Announces Cash Distributions for Manulife Exchange Traded FundsPR Web
MFC
Earnings
- 2/14/24 - Beat
MFC
Sec Filings
- 4/25/24 - Form 6-K
- 3/25/24 - Form 6-K
- 3/22/24 - Form 6-K
- MFC's page on the SEC website