SouthState Corporation’s filing revealed that its Chief Operating Officer BROOKS RENEE R unloaded Company’s shares for reported $0.76 million on Dec 02 ’24. In the deal valued at $110.00 per share,6,904 shares were sold. As a result of this transaction, BROOKS RENEE R now holds 29,365 shares worth roughly $2.72 million.
Then, BROOKS RENEE R bought 6,904 shares, generating $759,440 in total proceeds.
Before that, DAVIS JEAN E sold 2,000 shares. SouthState Corporation shares valued at $221,220 were divested by the Director at a price of $110.61 per share. As a result of the transaction, DAVIS JEAN E now holds 17,219 shares, worth roughly $1.6 million.
A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in early December from “an Equal-weight” to “an Overweight”. Hovde Group also remained covering SSB and has decreased its forecast on November 13, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Citigroup started covering the stock on October 10, 2024. It rated SSB as “a Neutral”.
Price Performance Review of SSB
On Friday, SouthState Corporation [NYSE:SSB] saw its stock fall -3.56% to $92.73. Over the last five days, the stock has lost -4.40%. SouthState Corporation shares have fallen nearly -6.79% since the year began. Nevertheless, the stocks have risen 12.37% over the past one year. While a 52-week high of $114.26 was reached on 01/02/25, a 52-week low of $70.68 was recorded on 01/10/25. SMA at 50 days reached $104.38, while 200 days put it at $90.78.
Levels Of Support And Resistance For SSB Stock
The 24-hour chart illustrates a support level at 91.79, which if violated will result in even more drops to 90.84. On the upside, there is a resistance level at 94.57. A further resistance level may holdings at 96.40. The Relative Strength Index (RSI) on the 14-day chart is 25.68, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.52%. Stochastics %K at 7.56% indicates the stock is a buying.
How much short interest is there in SouthState Corporation?
A steep rise in short interest was recorded in SouthState Corporation stocks on 2024-12-13, dropping by 3649.0 shares to a total of 2.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.82 million shares. There was a decline of -0.13%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 29, 2024 when Hovde Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $112.
