SouthState Corporation’s recently made public 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 $0.38 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.
Raymond James upgraded its SouthState Corporation [SSB] rating to a Strong buy from a an Outperform in a research note published on April 02, 2025; the price target was decreased to $115 from $120. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early April with a ‘”an Overweight”‘ rating. Citigroup also remained covering SSB and has increased its forecast on January 27, 2025 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of SSB
On Tuesday, SouthState Corporation [NYSE:SSB] saw its stock fall -1.79% to $80.59. Over the last five days, the stock has lost -12.65%. SouthState Corporation shares have fallen nearly -18.99% since the year began. Nevertheless, the stocks have fallen -0.98% 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 04/07/25. SMA at 50 days reached $96.98, while 200 days put it at $96.59.
Levels Of Support And Resistance For SSB Stock
The 24-hour chart illustrates a support level at 78.10, which if violated will result in even more drops to 75.60. On the upside, there is a resistance level at 84.50. A further resistance level may holdings at 88.40. The Relative Strength Index (RSI) on the 14-day chart is 26.39, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.62%. Stochastics %K at 19.42% 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 2025-03-14, dropping by -0.29 million shares to a total of 3.55 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 3.84 million shares. There was a decline of -8.16%, which implies that there is a negative sentiment for the stock.
