Matson chairman & CEO Matthew Cox sells $2.2M in company stock

On August 28, 2026, Matthew J. Cox, Chairman and CEO of Matson, Inc. (NYSE:MATX), sold 10,000 shares of the company's common stock, generating a total of $2,235,384. The transactions were conducted in three batches: 442 shares at an average price of $225.05, 3,443 shares at $223.91 per share, and 6,115 shares at $223.22 per share.

These sales were made in accordance with a pre-approved Rule 10b5-1 trading plan, which Cox established on March 9, 2026. Following these sales, Cox still owns 229,296 shares of Matson, Inc. stock.

Matson's stock has reached a 52-week high of $230.74, marking an impressive 118% return over the past year. Despite this recent performance, the stock is considered undervalued by InvestingPro analysts, who believe the shares still have upside potential. Matson's market capitalization stands at $6.64 billion, with a relatively low P/E ratio of 15.06.

In other news, Matson Inc. reported strong second-quarter 2026 financial results, exceeding analysts' expectations. The company reported diluted earnings of $4.27 per share, outpacing the projected $3.72 per share. Revenue for the quarter reached $969.4 million, surpassing the estimated $884.65 million. This success can be attributed to Matson's China service, which is experiencing a surge in demand.

Additionally, Wolfe Research has observed a significant shift in U.S. import volumes, with a growing trend moving from East Coast to West Coast ports. This shift is driven by a widening price gap between the two routes, with the difference in ocean rates between Shanghai-East Coast and Shanghai-West Coast nearing $3,000 per container. Wolfe Research points out that this is the largest gap since the COVID-19 pandemic and significantly higher than historical averages of around $1,000.