SouthState Corporation’s recently made public that its Chief Financial Officer MATTHEWS WILLIAM E V unloaded Company’s shares for reported $0.5 million on Sep 20 ’24. In the deal valued at $100.00 per share,5,000 shares were sold. As a result of this transaction, MATTHEWS WILLIAM E V now holds 36,964 shares worth roughly $3.75 million.
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Then, MATTHEWS WILLIAM E V bought 5,000 shares, generating $500,000 in total proceeds.
Before that, DANIEL BOCKHORST bought 2,500 shares. SouthState Corporation shares valued at $250,000 were divested by the Officer at a price of $100.00 per share.
Citigroup initiated its SouthState Corporation [SSB] rating to a Neutral in a research note published on October 10, 2024; the price target was $102. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in late July has reiterated a ‘”an Outperform”‘ rating for it. Raymond James also remained covering SSB and has increased its forecast on May 21, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating.
Price Performance Review of SSB
On Tuesday, SouthState Corporation [NYSE:SSB] saw its stock jump 1.18% to $101.54. Over the last five days, the stock has gained 6.83%. SouthState Corporation shares have risen nearly 20.24% since the year began. Nevertheless, the stocks have risen 51.85% over the past one year. While a 52-week high of $102.82 was reached on 10/15/24, a 52-week low of $63.36 was recorded on 06/17/24. SMA at 50 days reached $94.54, while 200 days put it at $84.53.
Levels Of Support And Resistance For SSB Stock
The 24-hour chart illustrates a support level at 99.93, which if violated will result in even more drops to 98.33. On the upside, there is a resistance level at 103.48. A further resistance level may holdings at 105.43. The Relative Strength Index (RSI) on the 14-day chart is 65.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.01%. Stochastics %K at 88.29% 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 2024-09-30, dropping by -0.49 million shares to a total of 3.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.5 million shares. There was a decline of -16.12%, which implies that there is a negative sentiment for the stock.
