Congressional Trading Report: Rep. Rick Allen Sold Over $850K In SouthState Stock
Portfolio Pulse from Benzinga Insights
Georgia Representative Rick Allen reported a sale of SouthState (NASDAQ:SSB) stock on August 10, 2023, with the transaction amount ranging between $850,022 and $2,000,000. SouthState shares are currently trading down 0.16% at $75.59. Congressional transactions can be an important factor for investors to consider, but they should not be the primary basis for an investing decision.
August 11, 2023 | 3:05 pm
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NEGATIVE IMPACT
Rep. Rick Allen sold a significant amount of SouthState stock. While this doesn't necessarily indicate a negative outlook for the company, it's an important factor for investors to consider.
The sale of a significant amount of stock by a prominent figure like a Representative can impact investor sentiment and potentially the stock price. However, the reasons for such sales can vary and may not necessarily indicate a negative outlook for the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100