Matson Inc’s filing revealed that its Senior Vice President Scott Christopher A unloaded Company’s shares for reported $0.13 million on Mar 13 ’24. In the deal valued at $107.83 per share,1,171 shares were sold. As a result of this transaction, Scott Christopher A now holds 12,958 shares worth roughly $1.4 million.
Then, Park Kuuhaku T sold 1,941 shares, generating $208,745 in total proceeds. Upon selling the shares at $107.55, the Senior Vice President now owns 10,698 shares.
Before that, Heilmann Peter T sold 9,047 shares. Matson Inc shares valued at $962,859 were divested by the EVP, Chief Admin. Officer & GC at a price of $106.43 per share. As a result of the transaction, Heilmann Peter T now holds 48,431 shares, worth roughly $5.25 million.
Wolfe Research upgraded its Matson Inc [MATX] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid November from “an Underperform” to “a Peer perform”. Wolfe Research began covering MATX with “an Underperform” recommendation on August 16, 2022. Stifel revised its rating on August 02, 2022. It rated MATX as “a Hold” which previously was an “a Buy”.
Price Performance Review of MATX
On Tuesday, Matson Inc [NYSE:MATX] saw its stock fall -1.33% to $108.33. Over the last five days, the stock has lost -0.96%. Matson Inc shares have fallen nearly -1.16% since the year began. Nevertheless, the stocks have risen 71.76% over the past one year. While a 52-week high of $122.99 was reached on 02/15/24, a 52-week low of $61.51 was recorded on 03/20/24. SMA at 50 days reached $111.26, while 200 days put it at $98.78. A total of 0.21 million shares were traded, compared to the trading of 0.17 million shares in the previous session.
Levels Of Support And Resistance For MATX Stock
The 24-hour chart illustrates a support level at 107.43, which if violated will result in even more drops to 106.52. On the upside, there is a resistance level at 109.51. A further resistance level may holdings at 110.68. The Relative Strength Index (RSI) on the 14-day chart is 46.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.48%. Stochastics %K at 46.50% indicates the stock is a holding.
