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

Equities Staff  |

Matson Inc. (MATX) traded on unusually high volume on Sep. 15, as the stock gained 0.54% to close at $25.99. On the day, Matson Inc. saw 673,734 shares trade hands on 3,782 trades. Considering that the stock averages only a daily volume of 334,537 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 $42.00 and $21.63 over the last 52-weeks, its 50-day SMA is now $27.88, and its 200-day SMA $31.55. Matson Inc. has a P/B ratio of 2.35. It also has a P/E ratio of 14.9.

Matson Inc is a holding company, consisting of two segments, ocean transportation and logistics. The company also provides container stevedoring, container equipment maintenance and other terminal services for MatNav and other ocean carriers.

Headquartered in Honolulu, HI, Matson Inc. has 1,925 employees and is currently under the leadership of CEO Matthew J. Cox.

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

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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 Equities.com’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.



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