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Matson (MATX) Looks Good: Stock Adds 6.7% in Session
Matson, Inc. (MATX - Free Report) was a big mover last session, as the company saw its shares rise almost 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $35.87 to $38.59 in the past one-month time frame.
The company has witnessed two negative revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Matson currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
MATSON INC Price
MATSON INC Price | MATSON INC Quote
A better-ranked trans-services stock is Dynagas LNG Partners LP (DLNG - Free Report) , which carries a Zacks Rank #2 (Buy).
Is MATX going up? Or down? Predict to see what others think: Up or Down
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