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MFC.TO volume hits 2.4x its 20-day average as Q1 earnings miss sends stock down 5.7%
- Manulife Financial traded 13.45 million shares on May 15 — 2.4x its 20-day average of 5.63 million — as investors reacted to a Q1 earnings miss and weaker-than-expected Canadian business results
- The stock fell to C$51.72, down 5.7% from C$54.82 just three days earlier, while National Bank raised its price target to C$59.00 despite the miss
- The divergence between analyst optimism and the market's sharp sell-off on elevated volume signals genuine uncertainty about the pace of Manulife's Canadian business recovery
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Conclusion
daily_prices: MFC.TO volume 13,454,000 on 2026-05-15 vs 20-day avg 5,630,520 = ratio 2.39x (query 79). Close C$51.72 vs C$54.82 on 2026-05-12 (−5.7%). news: 'Manulife Financial Q1 Earnings Miss Expectations' (Zacks, 2026-05-14); 'Manulife Financial Price Target Raised to $59.00 at National Bank' (MT Newswires, 2026-05-14); 'Manulife Financial's Canada Business May Rebound Earlier, Stronger Than Expected, RBC Says' (MT Newswires, 2026-05-15). eps_revisions (2026-05-16): 1 FY upgrade, 0 cuts in last 7 days.