Matson EVP Vic Angoco sells $510,784 in shares

Matson Inc.'s Executive Vice President, Vic S Jr Angoco, sold 2,293 shares of the company's common stock on August 24, 2026. The shares were traded at prices between $221.98 and $224.09, with a total value of $510,784 from these transactions. The stock price of Matson was at $222.68, nearing its 52-week high of $230.74. This sale occurred as the company's shares experienced an impressive 111% gain year-to-date and an 81% surge over the past year.

Mr. Angoco made multiple sales, including 582 shares at an average price of $224.09, 670 shares at $222.81, and 1,041 shares at $221.98. After these reported sales, he still holds 12,507 shares of Matson common stock. Despite the stock's strong performance, it remains undervalued according to InvestingPro analysis, which provides additional ProTips and insights on the company's dividend payment streak.

Matson Inc. also reported strong second-quarter 2026 earnings, surpassing Wall Street expectations with diluted earnings of $4.27 per share, outperforming the forecast of $3.72 per share. The company's revenue reached $969.4 million, exceeding the projected $884.65 million, largely due to robust demand in its China service. This strong performance led Matson to raise its financial outlook for the year, marking a significant development for investors.