{
  "id": 4075087,
  "title": "Matson chairman & CEO Matthew Cox sells $2.2M in company stock",
  "url": "https://urgent.news/2026/08/29/matson-chairman-ceo-matthew-cox-sells-2-2m-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-29T01:16:03.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/matson-chairman--ceo-matthew-cox-sells-22m-in-company-stock-93CH-4881910"
  },
  "original_language": "en",
  "account": "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.\n\nMatson'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.\n\nIn 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.\n\nAdditionally, 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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Asana CEO Daniel Rogers sells $16,550 in company stock",
        "url": "https://urgent.news/2026/08/28/asana-ceo-daniel-rogers-sells-16-550-in-company-stock",
        "published": "2026-08-28T22:32:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}