Matson, Inc. (MATX) saw a big move last session, as the company’s shares fell by nearly 6 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $23.7 to $25.5 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the Transportation Services provider has seen 5 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
MATX currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock that can be considered in the Transportation Services industry is Dynagas LNG Partners LP (DLNG), which holds a Zacks Rank #2 (Buy).
Investors interested in the Transportation sector may consider better-ranked stocks like American Airlines Group Inc. (AAL) and Avianca Holdings S.A. (AVH). Both the stocks carry a Zacks Rank #1 (Strong Buy).
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MATSONS INC (MATX): Free Stock Analysis Report
AMERICAN AIRLINES GROUP INC (AAL): Free Stock Analysis Report
AVIANCA HOLDINGS SA (AVH): Free Stock Analysis Report
DYNAGAS LNG PARTNERS LP (DLNG): Free Stock Analysis Report
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