Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Matson Inc shares valued at $934,665 were sold by COX MATTHEW J on Sep 30 ’24. At $143.82 per share, COX MATTHEW J sold 6,499 shares. The insider’s holdings dropped to 208,898 shares worth approximately $32.36 million following the completion of this transaction.
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Also, Cerocke Grace M sold 2,096 shares, netting a total of over 281,346 in proceeds. Following the sale of shares at $134.23 each, the insider now holds 12,180 shares.
Before that, Taylor Jason Lee had sold 1,000 shares from its account. In a trade valued at $135,730, the Senior Vice President traded Matson Inc shares for $135.73 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.45 million.
As published in a research note from Wolfe Research on October 04, 2023, Matson Inc [MATX] has been rated up from a Peer perform to an Outperform and the price target has been revised to $113. Analysts at Wolfe Research upgraded the stock from ‘”an Underperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid November. As of August 16, 2022, Wolfe Research has initiated its “an Underperform” rating for MATX. Earlier on August 02, 2022, Stifel downgraded its rating. Their new recommendation was “a Hold” for MATX stock which previously was a “a Buy”.
Analyzing MATX Stock Performance
During the last five days, there has been a surge of approximately 16.15%. Over the course of the year, Matson Inc shares have jumped approximately 41.32%. Shares of the company reached a 52-week high of $155.96 on 10/31/24 and a 52-week low of $100.50 on 05/01/24. A 50-day SMA is recorded $135.40, while a 200-day SMA reached $122.52. Nevertheless, trading volume fell to 0.71 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Matson Inc (MATX)
According to the 24-hour chart, there is a support level at 143.95, which, if violated, would cause prices to drop to 133.01. In the upper region, resistance lies at 160.90. The next price resistance is at 166.90. RSI (Relative Strength Index) is 75.26 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.14, which suggests the price will increase in the coming days. Percent R is at 4.28%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
