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Active Momentum Stocks in New Buzz: Comcast (NASDAQ:CMCSA), Manulife Financial (NYSE:MFC)

Comcast Corporation (NASDAQ:CMCSA) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -1.23% to $68.31. Comcast has extended a seven-year tax fight worth as much as $170 million to Oregon schools and local governments, asking the state’s tax court to reduce its liability under an obscure application of tax law. Comcast also asked the court to rule it eligible for Oregon’s new “gigabit” tax break, following the Oregon Department of Income declined to grant the tax exemption to the firm.

These are wonky disputes full of arcane arguments about tax methodology and valuation, but the protracted battle has very real implications for the cable TV firm and for local governments, which already have waited several years for Comcast to pay its growing tax bill. The share price of CMCSA attracts active investors, as stock price of week volatility recorded 1.21%. The stock is going forward to its 52-week low with 32.20% and lagging behind from its 52-week high price with -2.30%.

Manulife Financial Corporation (NYSE:MFC) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -2.29% to close at $17.10 with the total traded volume of 2.92 Million shares. Manulife Financial Corporation reported that it has entered into an contract to privately place U.S. $270 million principal amount of 3.527% senior notes due December 2, 2026. The Notes will bear interest at a fixed rate of 3.527% and will mature on December 2, 2026.

The Notes will be direct unsecured obligations of MFC and rank equally in right of payment with all of its existing and future unsecured and unsubordinated indebtedness. The offering is predictable to close on or about December 2, 2016. MFC intends to use the net proceeds from the offering for general corporate purposes.

The Notes have not been and will not be registered in the U.S. under the U.S. Securities Act of 1933, as amended, or the securities laws of any state of the U.S. or other jurisdiction and may not be provided or sold within the United States, or to, or for the account or benefit of, “U.S.  persons” except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities law. The firm has institutional ownership of 53.70%. Its price to sales ratio ended at 0.68. MFC attains analyst recommendation of 1.80 with week performance of 0.65%.


About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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