In a filing, SouthState Corporation revealed 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 $5.65 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $2.44 million.
Hovde Group reiterated its SouthState Corporation [SSB] rating to an Outperform in a research note published on July 29, 2024; the price target was $112. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late May from “a Mkt perform” to “an Outperform”. Raymond James revised its rating on January 05, 2024. It rated SSB as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of SSB
On Monday, SouthState Corporation [NYSE:SSB] saw its stock fall -0.90% to $95.75. Over the last five days, the stock has gained 3.75%. SouthState Corporation shares have risen nearly 13.38% since the year began. Nevertheless, the stocks have risen 36.03% over the past one year. While a 52-week high of $101.32 was reached on 07/31/24, a 52-week low of $63.36 was recorded on 06/17/24. SMA at 50 days reached $85.66, while 200 days put it at $81.40.
Levels Of Support And Resistance For SSB Stock
The 24-hour chart illustrates a support level at 95.03, which if violated will result in even more drops to 94.32. On the upside, there is a resistance level at 97.18. A further resistance level may holdings at 98.62. The Relative Strength Index (RSI) on the 14-day chart is 63.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.66%. Stochastics %K at 86.88% indicates the stock is a selling.
How much short interest is there in SouthState Corporation?
A steep rise in short interest was recorded in SouthState Corporation stocks on 2024-07-31, growing by 0.29 million shares to a total of 3.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.5 million shares. There was a rise of 7.6%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 19, 2023 when Stephens began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $78 price target.
