The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. SouthState Corporation shares valued at $250,000 were purchased by DANIEL BOCKHORST on Sep 18 ’24. At $100.00 per share, DANIEL BOCKHORST acquired 2,500 shares.
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Also, BOCKHORST DANIEL E sold 2,500 shares, netting a total of over 250,000 in proceeds. Following the sale of shares at $100.00 each, the insider now holds 33,328 shares.
Before that, RENEE R BROOKS had added 3,403 shares to its account. In a trade valued at $326,381, the Officer bought SouthState Corporation shares for $95.91 each.
As published in a research note from Hovde Group on July 29, 2024, SouthState Corporation [SSB] has been retained to an Outperform and the price target has been revised to $112. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late May. Earlier on January 05, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for SSB stock which previously was a “an Outperform”.
Analyzing SSB Stock Performance
During the last five days, there has been a surge of approximately 9.85%. Over the course of the year, SouthState Corporation shares have jumped approximately 20.34%. Shares of the company reached a 52-week high of $102.82 on 09/19/24 and a 52-week low of $70.68 on 06/17/24. A 50-day SMA is recorded $92.84, while a 200-day SMA reached $83.31. Nevertheless, trading volume fell to 0.54 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for SouthState Corporation (SSB)
According to the 24-hour chart, there is a support level at 100.12, which, if violated, would cause prices to drop to 98.62. In the upper region, resistance lies at 102.98. The next price resistance is at 104.33. RSI (Relative Strength Index) is 71.42 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.07, which suggests the price will increase in the coming days. Percent R is at 8.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
