New insider activity at Matson ( (MATX) ) has taken place on March 18, 2025.
Senior Vice President John Warren Sullivan recently executed a significant transaction by selling 1,500 shares of Matson stock, amounting to a total value of $193,275.
Recent Updates on MATX stock
In the last 24 hours, Matson Inc. has seen significant developments, particularly with the announcement of an expansion to its share repurchase program, adding three million shares and extending the program to 2027. This move underscores the company’s commitment to returning excess cash to shareholders and enhancing long-term shareholder value. Additionally, Matson’s recent strong Q4 performance, driven by increased freight rates in China and robust logistics segment growth, has led to positive financial results despite challenges such as regional volume declines and geopolitical uncertainties. Analysts have raised Matson’s price target, citing the company’s solid earnings report and strategic initiatives like the share buyback program as key factors for the upward revision.
More about Matson
YTD Price Performance: -3.27%
Average Trading Volume: 287,959
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.28B