Matson Inc Stock News

Matson (MATX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

100% technical buy signal.

Matson Inc's (NYSE: MATX) price target has been raised to $131 (an upside of 13.7%) from $98 by Stifel analyst Benjamin Nolan. The analyst maintained the Buy rating on Matson's shares.

Matson (MATX) closed at $106.80 in the latest trading session, marking a +1.56% move from the prior day.

Matson (MATX) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Betterment of freight market conditions bodes well for the Zacks Transportation -Services industry. EXPD, SNDR and MATX are well-poised to capitalize on this uptrend.

Shipping stock Matson managed to be in the top five again this week , while Vertiv faced the brunt of earnings. The SPDR S&P 500 Trust ETF (SPY) +0.16% finished the week ending Feb

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Matson Inc (MATX) shares closed today 11.2% higher than it did at the end of yesterday. The stock is currently down 2.6% year-to-date, up 22.9% over the past 12 months, and up 170.2% over the past five years. Today, the Dow Jones Industrial Average fell 0.8%, and the S&P 500 fell 0.6%. Trading Activity Shares traded as high as $90.76 and as low as $84.48 this week.Shares closed 4.1% below its 52-week high and 64.7% above its 52-week low.Trading volume this week was 5.2% higher than the 10-day average and 17.8% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and beats it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis The company share price beats the performance of its peers in the Industrials industry sector today, beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -138.6% The company's stock price performance over the past 12 months beats the peer average by -419.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -102.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Investors are looking for stalwarts in the storm.

Gainers: Matson (MATX) +10%. Aspen Aerogels (ASPN) +9%. Encore Wire (WIRE) +6%. Cross Country Healthcare (CCRN) +5%.

Shares of ocean transportation and logistics services provider, Matson, Inc. (MATX) are rising more than 10% Friday morning after reporting above 100% revenue growth in the fourth quarter.

Matson press release (MATX): Q4 GAAP EPS of $9.39 beats by $2.58.Revenue of $1.27B (+81.4% Y/Y) beats by $190M.Shares +3.01%.