The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. SouthState Corporation shares valued at $707,242 were sold by MATTHEWS WILLIAM E V on Jan 29 ’25. At $108.29 per share, MATTHEWS WILLIAM E V sold 6,531 shares. The insider’s holdings dropped to 34,107 shares worth approximately $3.65 million following the completion of this transaction.
Also, MATTHEWS WILLIAM E V purchased 6,531 shares, netting a total of over 692,657 in proceeds.
Before that, BROOKS RENEE R had sold 6,904 shares from its account. In a trade valued at $759,440, the Chief Operating Officer traded SouthState Corporation shares for $110.00 each. Upon closing the transaction, the insider’s holdings decreased to 6,904 shares, worth approximately $3.14 million.
As published in a research note from Citigroup on January 27, 2025, SouthState Corporation [SSB] has been rated up from a Neutral to a Buy and the price target has been revised to $128 from $106. As of December 09, 2024, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for SSB. Earlier on November 13, 2024, Hovde Group downgraded its rating. Their new recommendation was “a Market perform” for SSB stock which previously was a “an Outperform”.
Analyzing SSB Stock Performance
During the last five days, there has been a surge of approximately 0.36%. Over the course of the year, SouthState Corporation shares have jumped approximately 7.48%. Shares of the company reached a 52-week high of $109.64 on 01/29/25 and a 52-week low of $91.68 on 01/13/25. A 50-day SMA is recorded $103.79, while a 200-day SMA reached $92.65. Nevertheless, trading volume fell to 0.51 million shares from 0.48 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 105.52, which, if violated, would cause prices to drop to 104.11. In the upper region, resistance lies at 107.65. The next price resistance is at 108.37. RSI (Relative Strength Index) is 59.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.56, which suggests the price will increase in the coming days. Percent R is at 22.24%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
