MATX - Watch for Continued Gains in Shares of Matson Inc. (MATX)
Shares of Matson Inc. (NYSE:MATX) traded today at $83.86, eclipsing its 52-week high. Approximately 68,000 shares have changed hands today, as compared to an average 30-day volume of 275,000 shares.
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.
In the past 52 weeks, Matson Inc. share prices are bracketed by a low of $36.78 and a high of $83.86 and is now at $82.89, 125% above that low price.
Matson Inc. (NYSE:MATX) is currently priced 53.9% above its average consensus analyst price target of $38.18.
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