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 $250,018 were purchased by Froetscher Janet P on Mar 10 ’25. At $92.02 per share, Froetscher Janet P acquired 2,717 shares. The insider’s holdings grew to 4,689 shares worth approximately $0.44 million following the completion of this transaction.
Also, SMITH G STACY purchased 3,100 shares, netting a total of over 290,160 in proceeds. Following the buying of shares at $93.60 each, the insider now holds 36,779 shares.
Before that, Hobbs Michael B had added 7,399 shares to its account. In a trade valued at $685,813, the Officer bought SouthState Corporation shares for $92.69 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 surge of approximately 3.81%. Over the course of the year, SouthState Corporation shares have dropped approximately -6.70%. Shares of the company reached a 52-week high of $109.64 on 01/29/25 and a 52-week low of $89.08 on 03/13/25. A 50-day SMA is recorded $99.22, while a 200-day SMA reached $95.51.
Support And Resistance Levels for SouthState Corporation (SSB)
According to the 24-hour chart, there is a support level at 92.00, which, if violated, would cause prices to drop to 91.18. In the upper region, resistance lies at 94.38. The next price resistance is at 95.95. RSI (Relative Strength Index) is 40.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 71.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
