SouthState Corporation’s filing revealed 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 $4.1 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, 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 Monday, SouthState Corporation [NYSE:SSB] saw its stock jump 2.39% to $110.98. Over the last five days, the stock has gained 16.03%. SouthState Corporation shares have risen nearly 31.42% since the year began. Nevertheless, the stocks have risen 62.11% over the past one year. While a 52-week high of $111.99 was reached on 11/11/24, a 52-week low of $67.72 was recorded on 06/17/24. SMA at 50 days reached $97.98, while 200 days put it at $86.29.
Levels Of Support And Resistance For SSB Stock
The 24-hour chart illustrates a support level at 109.56, which if violated will result in even more drops to 108.14. On the upside, there is a resistance level at 112.77. A further resistance level may holdings at 114.56. The Relative Strength Index (RSI) on the 14-day chart is 66.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.91%. Stochastics %K at 80.54% 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 2024-10-15, dropping by -0.27 million shares to a total of 3.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.35 million shares. There was a decline of -8.72%, which implies that there is a negative sentiment for the stock.
