Matson Inc’s filing revealed that its EVP, Chief Admin. Officer & GC Heilmann Peter T unloaded Company’s shares for reported $9375.0 on Jun 04 ’24. In the deal valued at $125.00 per share,75 shares were sold. As a result of this transaction, Heilmann Peter T now holds 48,356 shares worth roughly $5.81 million.
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Then, Kinney Richard S sold 1,792 shares, generating $206,270 in total proceeds. Upon selling the shares at $115.11, the Senior Vice President now owns 9,588 shares.
Before that, Sullivan John Warren sold 893 shares. Matson Inc shares valued at $98,766 were divested by the Senior Vice President at a price of $110.60 per share. As a result of the transaction, Sullivan John Warren now holds 13,495 shares, worth roughly $1.62 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 -0.33% to $120.23. Over the last five days, the stock has lost -0.25%. Matson Inc shares have risen nearly 9.70% since the year began. Nevertheless, the stocks have risen 63.58% over the past one year. While a 52-week high of $129.46 was reached on 05/31/24, a 52-week low of $72.20 was recorded on 05/01/24. SMA at 50 days reached $115.18, while 200 days put it at $105.07. A total of 0.2 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For MATX Stock
The 24-hour chart illustrates a support level at 119.63, which if violated will result in even more drops to 119.04. On the upside, there is a resistance level at 121.13. A further resistance level may holdings at 122.04. The Relative Strength Index (RSI) on the 14-day chart is 51.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.06%. Stochastics %K at 18.40% indicates the stock is a buying.
