Why Matson, Inc. Stock Rocketed 40% on July 10

Reuben Gregg Brewer, The Motley Fool
Why Matson, Inc. Stock Rocketed 40% on July 10

Transportation services provider Matson, Inc. (NYSE: MATX) rose a dramatic 40% on July 10. There's nothing fancy here; Matson provided a guidance update for its second quarter that was fairly upbeat. For starters, it stated that operating income in its ocean transportation division would be roughly double what it was in the year-ago period.

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