SouthState Corporation’s filing revealed that its President MURRAY RICHARD IV unloaded Company’s shares for reported $0.4 million on Mar 20 ’24. In the deal valued at $81.85 per share,4,900 shares were sold. As a result of this transaction, MURRAY RICHARD IV now holds 58,968 shares worth roughly $4.55 million.
Then, BOCKHORST DANIEL E sold 3,000 shares, generating $243,000 in total proceeds. Upon selling the shares at $81.00, the Chief Credit Officer now owns 35,828 shares.
Before that, Lapointe Greg A sold 3,000 shares. SouthState Corporation shares valued at $248,100 were divested by the Chief Banking Officer at a price of $82.70 per share. As a result of the transaction, Lapointe Greg A now holds 25,487 shares, worth roughly $1.96 million.
A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Mkt perform”. Stephens began covering SSB with “an Equal-weight” recommendation on December 19, 2023. Truist revised its rating on September 27, 2023. It rated SSB as “a Hold” which previously was an “a Buy”.
Price Performance Review of SSB
On Monday, SouthState Corporation [NYSE:SSB] saw its stock fall -1.12% to $77.08. Over the last five days, the stock has lost -2.74%. SouthState Corporation shares have fallen nearly -8.73% since the year began. Nevertheless, the stocks have risen 14.19% over the past one year. While a 52-week high of $87.77 was reached on 01/29/24, a 52-week low of $59.51 was recorded on 04/18/24. SMA at 50 days reached $81.24, while 200 days put it at $76.67. A total of 0.56 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For SSB Stock
The 24-hour chart illustrates a support level at 76.36, which if violated will result in even more drops to 75.63. On the upside, there is a resistance level at 78.14. A further resistance level may holdings at 79.20. The Relative Strength Index (RSI) on the 14-day chart is 40.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.26%. Stochastics %K at 32.64% indicates the stock is a holding.
The most recent change occurred on March 15, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $79 price target.
