New insider activity at Matson ( (MATX) ) has taken place on March 4, 2025.
Kevin L. Stuck, the Vice President and Controller at Matson, has recently sold 1,735 shares of the company’s stock. This transaction amounts to a total value of $248,434.
Recent Updates on MATX stock
Matson Inc’s recent developments highlight a strong financial performance in the fourth quarter, with significant growth in operating income driven by higher freight rates in China and a resilient U.S. economy. The company announced an extension of its share repurchase program, adding three million shares to enhance long-term shareholder value. Analysts have raised Matson’s price targets due to its robust earnings, despite potential challenges from geopolitical factors and normalizing containership movements. The company’s logistics segment and shareholder returns also showed positive growth, although volume declines in Guam and Hawaii present ongoing challenges. Matson remains optimistic about future prospects, supported by strategic investments and a focus on maintaining robust shareholder value.
More about Matson
YTD Price Performance: 7.12%
Average Trading Volume: 269,557
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.78B