In a filing, Matson Inc revealed its Senior Vice President Sullivan John Warren unloaded Company’s shares for reported $0.12 million on Nov 13 ’24. In the deal valued at $165.50 per share,750 shares were sold. As a result of this transaction, Sullivan John Warren now holds 12,745 shares worth roughly $1.81 million.
Then, Rolfe Rusty K sold 3,000 shares, generating $497,904 in total proceeds. Upon selling the shares at $165.97, the EVP now owns 21,871 shares.
Before that, Sullivan John Warren bought 750 shares. Matson Inc shares valued at $124,125 were divested by the Officer at a price of $165.50 per share.
Wolfe Research downgraded its Matson Inc [MATX] rating to a Peer perform from a an Outperform 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 early October from “a Peer perform” to “an Outperform”. Wolfe Research also remained covering MATX and has increased its forecast on November 17, 2022 with a “Peer perform” recommendation from previously “an Underperform” rating. Wolfe Research started covering the stock on August 16, 2022. It rated MATX as “an Underperform”.
Price Performance Review of MATX
On Tuesday, Matson Inc [NYSE:MATX] saw its stock jump 2.08% to $142.07. Over the last five days, the stock has gained 4.96%. Matson Inc shares have risen nearly 5.36% since the year began. Nevertheless, the stocks have risen 19.81% over the past one year. While a 52-week high of $169.12 was reached on 02/11/25, a 52-week low of $100.50 was recorded on 01/10/25. SMA at 50 days reached $141.35, while 200 days put it at $134.22.
Levels Of Support And Resistance For MATX Stock
The 24-hour chart illustrates a support level at 138.63, which if violated will result in even more drops to 135.20. On the upside, there is a resistance level at 146.19. A further resistance level may holdings at 150.31. The Relative Strength Index (RSI) on the 14-day chart is 56.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.02%. Stochastics %K at 44.68% indicates the stock is a holding.
How much short interest is there in Matson Inc?
A steep rise in short interest was recorded in Matson Inc stocks on 2025-01-31, growing by 95185.0 shares to a total of 1.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 1.11 million shares. There was a rise of 7.89%, which implies that there is a positive sentiment for the stock.
