In a filing, SouthState Corporation revealed its Officer Danie W Brooks acquired Company’s shares for reported $0.43 million on Feb 07 ’25. In the deal valued at $107.84 per share,4,000 shares were bought.
Then, MATTHEWS WILLIAM E V sold 6,531 shares, generating $707,242 in total proceeds. Upon selling the shares at $108.29, the Chief Financial Officer now owns 34,107 shares.
Before that, MATTHEWS WILLIAM E V bought 6,531 shares. SouthState Corporation shares valued at $692,657 were divested by the Officer at a price of $106.06 per share.
Citigroup upgraded its SouthState Corporation [SSB] rating to a Buy from a a Neutral in a research note published on January 27, 2025; the price target was increased to $128 from $106. Stephens also remained covering SSB and has increased its forecast on December 09, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Hovde Group revised its rating on November 13, 2024. It rated SSB as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of SSB
On Friday, SouthState Corporation [NYSE:SSB] saw its stock fall -2.01% to $99.32. Over the last five days, the stock has lost -3.25%. SouthState Corporation shares have fallen nearly -0.16% since the year began. Nevertheless, the stocks have risen 18.20% over the past one year. While a 52-week high of $114.26 was reached on 01/29/25, a 52-week low of $70.68 was recorded on 01/13/25. SMA at 50 days reached $102.34, while 200 days put it at $94.04.
Levels Of Support And Resistance For SSB Stock
The 24-hour chart illustrates a support level at 98.12, which if violated will result in even more drops to 96.93. On the upside, there is a resistance level at 101.51. A further resistance level may holdings at 103.71. The Relative Strength Index (RSI) on the 14-day chart is 40.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.79%. Stochastics %K at 7.90% indicates the stock is a buying.
The most recent change occurred on October 10, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $102 price target.
