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 $124,125 were sold by Sullivan John Warren on Nov 13 ’24. At $165.50 per share, Sullivan John Warren sold 750 shares. The insider’s holdings dropped to 12,745 shares worth approximately $1.95 million following the completion of this transaction.
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Also, Rolfe Rusty K sold 3,000 shares, netting a total of over 497,904 in proceeds. Following the sale of shares at $165.97 each, the insider now holds 21,871 shares.
Before that, Sullivan John Warren had added 750 shares to its account. In a trade valued at $124,125, the Officer bought Matson Inc shares for $165.50 each.
As published in a research note from Wolfe Research on November 18, 2024, Matson Inc [MATX] has been rated down from an Outperform to a Peer perform. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early October. As of November 17, 2022, Wolfe Research has increased its “an Underperform” rating to a “Peer perform” for MATX. Earlier on August 16, 2022, Wolfe Research initiated its rating. Their recommendation was “an Underperform” for MATX stock.
Analyzing MATX Stock Performance
During the last five days, there has been a surge of approximately 0.87%. Over the course of the year, Matson Inc shares have jumped approximately 39.67%. Shares of the company reached a 52-week high of $169.12 on 11/13/24 and a 52-week low of $100.50 on 05/01/24. A 50-day SMA is recorded $145.44, while a 200-day SMA reached $126.55. Nevertheless, trading volume fell to 0.23 million shares from 0.5 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 151.06, which, if violated, would cause prices to drop to 149.04. In the upper region, resistance lies at 156.63. The next price resistance is at 160.18. RSI (Relative Strength Index) is 50.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.21, which suggests the price will decrease in the coming days. Percent R is at 85.36%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
