Matson Inc’s recent filing unveils that its Senior Vice President Isotoff Leonard P unloaded Company’s shares for reported $0.31 million on May 06 ’24. In the deal valued at $112.48 per share,2,800 shares were sold. As a result of this transaction, Isotoff Leonard P now holds 4,746 shares worth roughly $0.53 million.
Then, Scott Christopher A sold 1,171 shares, generating $126,269 in total proceeds. Upon selling the shares at $107.83, the Senior Vice President now owns 12,958 shares.
Before that, Park Kuuhaku T sold 1,941 shares. Matson Inc shares valued at $208,745 were divested by the Senior Vice President at a price of $107.55 per share. As a result of the transaction, Park Kuuhaku T now holds 10,698 shares, worth roughly $1.2 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 jump 0.30% to $112.03. Over the last five days, the stock has gained 3.94%. Matson Inc shares have risen nearly 2.22% since the year began. Nevertheless, the stocks have risen 66.04% over the past one year. While a 52-week high of $122.99 was reached on 02/15/24, a 52-week low of $64.21 was recorded on 05/01/24. SMA at 50 days reached $108.69, while 200 days put it at $100.97. A total of 0.23 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For MATX Stock
The 24-hour chart illustrates a support level at 111.52, which if violated will result in even more drops to 111.00. On the upside, there is a resistance level at 113.00. A further resistance level may holdings at 113.96. The Relative Strength Index (RSI) on the 14-day chart is 55.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.83%. Stochastics %K at 88.64% indicates the stock is a selling.
