SouthState Corporation’s filing revealed that its Director Froetscher Janet P acquired Company’s shares for reported $0.25 million on Mar 10 ’25. In the deal valued at $92.02 per share,2,717 shares were bought. As a result of this transaction, Froetscher Janet P now holds 4,689 shares worth roughly $0.43 million.
Then, SMITH G STACY bought 3,100 shares, generating $290,160 in total proceeds. Upon buying the shares at $93.60, the Director now owns 36,779 shares.
Before that, Hobbs Michael B bought 7,399 shares. SouthState Corporation shares valued at $685,813 were divested by the Officer at a price of $92.69 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 Monday, SouthState Corporation [NYSE:SSB] saw its stock jump 1.24% to $92.74. Over the last five days, the stock has gained 2.54%. SouthState Corporation shares have fallen nearly -6.78% since the year began. Nevertheless, the stocks have risen 13.13% 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 03/13/25. SMA at 50 days reached $99.45, while 200 days put it at $95.25.
Levels Of Support And Resistance For SSB Stock
The 24-hour chart illustrates a support level at 91.47, which if violated will result in even more drops to 90.19. On the upside, there is a resistance level at 93.69. A further resistance level may holdings at 94.63. The Relative Strength Index (RSI) on the 14-day chart is 38.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.78%. Stochastics %K at 16.71% indicates the stock is a buying.
How much short interest is there in SouthState Corporation?
A steep rise in short interest was recorded in SouthState Corporation stocks on 2025-02-28, growing by 62496.0 shares to a total of 3.62 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 3.56 million shares. There was a rise of 1.73%, which implies that there is a positive sentiment for the stock.
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.
