Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SouthState Corporation shares valued at $431,360 were purchased by Danie W Brooks on Feb 07 ’25. At $107.84 per share, Danie W Brooks acquired 4,000 shares.
Also, MATTHEWS WILLIAM E V sold 6,531 shares, netting a total of over 707,242 in proceeds. Following the sale of shares at $108.29 each, the insider now holds 34,107 shares.
Before that, MATTHEWS WILLIAM E V had added 6,531 shares to its account. In a trade valued at $692,657, the Officer bought SouthState Corporation shares for $106.06 each.
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 drop of approximately -3.67%. Over the course of the year, SouthState Corporation shares have jumped approximately 3.54%. 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 $103.36, while a 200-day SMA reached $93.31. Nevertheless, trading volume fell to 0.51 million shares from 0.41 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 102.20, which, if violated, would cause prices to drop to 101.40. In the upper region, resistance lies at 104.54. The next price resistance is at 106.07. RSI (Relative Strength Index) is 48.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 86.80%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
