SouthState Corporation’s filing revealed that its Director SMITH G STACY acquired Company’s shares for reported $0.29 million on Mar 06 ’25. In the deal valued at $93.60 per share,3,100 shares were bought. As a result of this transaction, SMITH G STACY now holds 36,779 shares worth roughly $3.33 million.
Then, Hobbs Michael B bought 7,399 shares, generating $685,813 in total proceeds.
Before that, ARANA SARA sold 1,991 shares. SouthState Corporation shares valued at $200,653 were divested by the Chief Accounting Officer at a price of $100.78 per share. As a result of the transaction, ARANA SARA now holds 4,787 shares, worth roughly $0.43 million.
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 Monday, SouthState Corporation [NYSE:SSB] saw its stock fall -2.68% to $90.44. Over the last five days, the stock has lost -8.85%. SouthState Corporation shares have fallen nearly -9.09% since the year began. Nevertheless, the stocks have risen 7.74% 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 03/10/25. SMA at 50 days reached $100.44, while 200 days put it at $94.92.
Levels Of Support And Resistance For SSB Stock
The 24-hour chart illustrates a support level at 89.33, which if violated will result in even more drops to 88.23. On the upside, there is a resistance level at 92.14. A further resistance level may holdings at 93.85. The Relative Strength Index (RSI) on the 14-day chart is 27.35, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.21%. Stochastics %K at 8.38% 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.
