Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SouthState Corporation shares valued at $500,000 were sold by MATTHEWS WILLIAM E V on Sep 20 ’24. At $100.00 per share, MATTHEWS WILLIAM E V sold 5,000 shares. The insider’s holdings dropped to 36,964 shares worth approximately $3.57 million following the completion of this transaction.
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Also, MATTHEWS WILLIAM E V purchased 5,000 shares, netting a total of over 500,000 in proceeds.
Before that, DANIEL BOCKHORST had added 2,500 shares to its account. In a trade valued at $250,000, the Officer bought SouthState Corporation shares for $100.00 each.
As published in their initiating research note from Citigroup on October 10, 2024, SouthState Corporation [SSB] has been a Neutral and the price target has been revised to $102. Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late July. As of May 21, 2024, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for SSB.
Analyzing SSB Stock Performance
During the last five days, there has been a drop of approximately -5.47%. Over the course of the year, SouthState Corporation shares have jumped approximately 14.43%. Shares of the company reached a 52-week high of $103.82 on 10/15/24 and a 52-week low of $70.68 on 06/17/24. A 50-day SMA is recorded $95.90, while a 200-day SMA reached $85.01. Nevertheless, trading volume fell to 0.73 million shares from 0.42 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 95.67, which, if violated, would cause prices to drop to 94.69. In the upper region, resistance lies at 97.51. The next price resistance is at 98.38. RSI (Relative Strength Index) is 47.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.59, which suggests the price will decrease in the coming days. Percent R is at 77.29%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
