Matson's shares fell overnight and stayed down through the mid-afternoon after missing analyst consensus.
The New York-listed company's stock fell almost 12% between yesterday's close and today's opening bell to $30.42.
Right after the bell, shares bottomed out at $28.25 right before rallying to a high of $30.20 and then falling 14% overall to $29.46 by mid-afternoon.
Seaport Global analyst Kevin Sterling said the fall may be due to expectations of better performance for the quarter and year, given other transportation companies have been "on fire" with double-digit earnings per share (EPS).
