Matson Inc. (MATX) Moves Higher on Volume Spike for February 15

Equities Staff  |

Matson Inc. (MATX) traded on unusually high volume on Feb. 15, as the stock gained 0.67% to close at $34.80. On the day, Matson Inc. saw 216,394 shares trade hands on 2,202 trades. Considering that the stock averages only a daily volume of 122,800 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $41.96 and $27.73 over the last 52-weeks, its 50-day SMA is now $33.65, and its 200-day SMA $35.53. Matson Inc. has a P/B ratio of 2. It also has a P/E ratio of 5.6.

Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are ocean transportation that provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific and logistics that offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates majority revenue from ocean transportation.

Headquartered in Honolulu, HI, Matson Inc. has 1,947 employees and is currently under the leadership of CEO Matthew J. Cox.

For a complete fundamental analysis analysis of Matson Inc., check out’s Stock Valuation Analysis report for MATX.

Still paying commissions on stock trades? now offers 100% commission free stock trading and flat-fee options trading for $89.95/month! Get started today by

To get more information on Matson Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: MATX’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: