MATX - Matson Insider Trades Send A Signal | Benzinga
A substantial insider sell was reported on December 14, by Richard S Kinney, Senior Vice President at Matson (NYSE:MATX), based on the recent SEC filing.
What Happened: Kinney opted to sell 997 shares of Matson, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The transaction's total worth stands at $96,009.
Monitoring the market, Matson's shares down by 0.0% at $100.2 during Friday's morning.
Delving into Matson's Background
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 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.
Matson: A Financial Overview
Revenue Challenges: Matson's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -25.77%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind ...