The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Matson Inc shares valued at $79,340 were sold by Isotoff Leonard P on Nov 06 ’24. At $161.26 per share, Isotoff Leonard P sold 492 shares. The insider’s holdings dropped to 4,254 shares worth approximately $0.71 million following the completion of this transaction.
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Also, Heilmann Peter T sold 5,404 shares, netting a total of over 877,374 in proceeds. Following the sale of shares at $162.36 each, the insider now holds 32,952 shares.
Before that, Heilmann Peter T had added 5,404 shares to its account. In a trade valued at $877,374, the Officer bought Matson Inc shares for $162.36 each.
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 24.28%. Over the course of the year, Matson Inc shares have jumped approximately 51.49%. Shares of the company reached a 52-week high of $166.05 on 11/06/24 and a 52-week low of $100.50 on 05/01/24. A 50-day SMA is recorded $137.29, while a 200-day SMA reached $123.32. Nevertheless, trading volume fell to 0.56 million shares from 0.29 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 161.61, which, if violated, would cause prices to drop to 157.19. In the upper region, resistance lies at 168.25. The next price resistance is at 170.47. RSI (Relative Strength Index) is 80.26 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 18.06, which suggests the price will increase in the coming days. Percent R is at 0.06%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
