Q: Any idea why MFC is taking such a hit today? I don't expect insurance companies to be down 5% in a day unless it's a broad market thing. I realize the market is down due to orange man but insurance shouldn't be impacted by tariffs and my GWO is up.
5i Research Answer:
There is no company news of any note. It is up 34% in a year and we think there is a bit of a 'sell Canada' theme going on with some US investors. The stock was also up four of five days last week and is basically unchanged from Feb 19's price.