MATX - Leonard P Isotoff Executes Sell Order: Offloads $314K In Matson Stock | Benzinga
It was reported on May 7, that Leonard P Isotoff, Senior Vice President at Matson (NYSE:MATX) executed a significant insider sell, according to an SEC filing.
What Happened: Isotoff's decision to sell 2,800 shares of Matson was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the sale is $314,945.
At Wednesday morning, Matson shares are up by 0.29%, trading at $112.03.
Unveiling the Story Behind Matson
Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are Ocean Transportation which 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 segment which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from Ocean Transportation segment.
Understanding the Numbers: Matson's Finances
Decline in Revenue: Over the 3 months period, Matson faced challenges, resulting in a decline of approximately -8.47% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's ...