South State (SSB) Insider Makes Significant Share Sale

Monday, October 30, 2017 10:15 PM ET

South State (SSB) Insider Makes Significant Share Sale

There was a substantial insider sale of South State shares today, as indicated in a filing with the SEC as — Robert R Horger, Director — disposed of 21,252 shares in the company having a market value of approximately $1,952,846 There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 23,153 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 44,405 shares and have averaged 14,802 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at South State is greater than its 331-company peer group average. The Banks peer group saw 347 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares traded per transaction by South State insiders is lower than its peers. Within the peer group there were 591,877 shares purchased and 38,309,641 shares sold with company insiders disposing of 108,697 shares on average over this time period.

The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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