Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SouthState Corporation shares valued at $759,440 were sold by BROOKS RENEE R on Dec 02 ’24. At $110.00 per share, BROOKS RENEE R sold 6,904 shares. The insider’s holdings dropped to 29,365 shares worth approximately $2.92 million following the completion of this transaction.
Also, BROOKS RENEE R purchased 6,904 shares, netting a total of over 759,440 in proceeds.
Before that, DAVIS JEAN E had sold 2,000 shares from its account. In a trade valued at $221,220, the Director traded SouthState Corporation shares for $110.61 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $1.71 million.
Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early December. As of November 13, 2024, Hovde Group has decreased its “an Outperform” rating to a “Market perform” for SSB. Earlier on October 10, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for SSB stock.
Analyzing SSB Stock Performance
During the last five days, there has been a surge of approximately 2.19%. Over the course of the year, SouthState Corporation shares have dropped approximately -0.01%. Shares of the company reached a 52-week high of $102.27 on 01/21/25 and a 52-week low of $91.68 on 01/13/25. A 50-day SMA is recorded $104.20, while a 200-day SMA reached $91.35. Nevertheless, trading volume fell to 0.64 million shares from 0.51 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 98.64, which, if violated, would cause prices to drop to 97.80. In the upper region, resistance lies at 100.36. The next price resistance is at 101.24. RSI (Relative Strength Index) is 48.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.58, which suggests the price will increase in the coming days. Percent R is at 26.44%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
