Southern Company’s filing revealed that its CEO, Southern Nuclear Kuczynski Stephen E unloaded Company’s shares for reported $0.34 million on Mar 11 ’24. In the deal valued at $68.92 per share,5,000 shares were sold. As a result of this transaction, Kuczynski Stephen E now holds 126,528 shares worth roughly $8.86 million.
Then, Cummiskey Christopher sold 902 shares, generating $59,523 in total proceeds. Upon selling the shares at $65.99, the EVP & CCCS Officer now owns 22,502 shares.
Before that, Cummiskey Christopher sold 12,985 shares. Southern Company shares valued at $872,332 were divested by the EVP & CCCS Officer at a price of $67.18 per share. As a result of the transaction, Cummiskey Christopher now holds 23,404 shares, worth roughly $1.64 million.
UBS downgraded its Southern Company [SO] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in mid January from “a Market perform” to “an Outperform”. Citigroup began covering SO with “Buy” recommendation on December 08, 2023. Scotiabank revised its rating on November 03, 2023. It rated SO as “a Sector perform” which previously was an “a Sector outperform”.
Price Performance Review of SO
On Monday, Southern Company [NYSE:SO] saw its stock jump 0.21% to $70.06. Over the last five days, the stock has lost -1.46%. Southern Company shares have fallen nearly -0.09% since the year began. Nevertheless, the stocks have fallen -2.01% over the past one year. While a 52-week high of $75.80 was reached on 01/04/24, a 52-week low of $61.56 was recorded on 02/16/24. SMA at 50 days reached $68.75, while 200 days put it at $69.13. A total of 3.4 million shares were traded, compared to the trading of 1.12 million shares in the previous session.
Levels Of Support And Resistance For SO Stock
The 24-hour chart illustrates a support level at 69.69, which if violated will result in even more drops to 69.31. On the upside, there is a resistance level at 70.38. A further resistance level may holdings at 70.69. The Relative Strength Index (RSI) on the 14-day chart is 52.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.01%. Stochastics %K at 34.57% indicates the stock is a holding.
How much short interest is there in Southern Company?
A steep rise in short interest was recorded in Southern Company stocks on Mar 15, 2024, growing by 2.72 million shares to a total of 16.03 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 13.31 million shares. There was a rise of 16.97%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.47% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.07.
