On 11/6/24, SouthState Corporation (NYSE: SSB) stock enjoyed a major increase of 14.0%, closing at $111.42. Moreover, exceptionally high trading volume at 383% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 13.4% during the last week.
Current PriceTarget Research Rating
SSB is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
SouthState has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SouthState has a neutral Appreciation Score of 54 but a good Power Rating of 85, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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