Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SouthState Corporation shares valued at $221,220 were sold by DAVIS JEAN E on Nov 12 ’24. At $110.61 per share, DAVIS JEAN E sold 2,000 shares. The insider’s holdings dropped to 17,219 shares worth approximately $1.8 million following the completion of this transaction.
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Also, BOCKHORST DANIEL E sold 3,000 shares, netting a total of over 330,000 in proceeds. Following the sale of shares at $110.00 each, the insider now holds 30,328 shares.
Before that, DAVIS JEAN E had added 2,000 shares to its account. In a trade valued at $221,960, the Director bought SouthState Corporation shares for $110.98 each.
As published in a research note from Hovde Group on November 13, 2024, SouthState Corporation [SSB] has been rated down from an Outperform to a Market perform. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of July 29, 2024, Hovde Group has reiterated its “an Outperform” rating for SSB. Earlier on May 21, 2024, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for SSB stock which previously was a “a Mkt perform”.
Analyzing SSB Stock Performance
During the last five days, there has been a drop of approximately -1.90%. Over the course of the year, SouthState Corporation shares have jumped approximately 24.12%. Shares of the company reached a 52-week high of $113.14 on 11/11/24 and a 52-week low of $70.68 on 06/17/24. A 50-day SMA is recorded $99.67, while a 200-day SMA reached $87.11. Nevertheless, trading volume fell to 0.75 million shares from 0.32 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 103.51, which, if violated, would cause prices to drop to 102.20. In the upper region, resistance lies at 105.60. The next price resistance is at 106.38. RSI (Relative Strength Index) is 54.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 45.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
