Southern Company’s recent filing unveils that its Chairman, President & CEO, GPC Greene Kimberly S, unloaded Company’s shares for reported $0.82 million on May 02 ’24. In the deal valued at $75.01 per share,10,874 shares were sold. As a result of this transaction, Greene Kimberly S, now holds 110,630 shares worth roughly $8.35 million.
Then, Greene Kimberly S, sold 9,126 shares, generating $684,815 in total proceeds. Upon selling the shares at $75.04, the Chairman, President & CEO, GPC now owns 121,504 shares.
Before that, Kuczynski Stephen E sold 5,000 shares. Southern Company shares valued at $344,600 were divested by the CEO, Southern Nuclear at a price of $68.92 per share. As a result of the transaction, Kuczynski Stephen E now holds 126,528 shares, worth roughly $9.55 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 fall -0.50% to $75.47. Over the last five days, the stock has gained 1.45%. Southern Company shares have risen nearly 7.63% since the year began. Nevertheless, the stocks have risen 1.64% over the past one year. While a 52-week high of $75.98 was reached on 05/06/24, a 52-week low of $61.56 was recorded on 02/16/24. SMA at 50 days reached $70.46, while 200 days put it at $69.29. A total of 7.81 million shares were traded, compared to the trading of 4.58 million shares in the previous session.
Levels Of Support And Resistance For SO Stock
The 24-hour chart illustrates a support level at 74.81, which if violated will result in even more drops to 74.14. On the upside, there is a resistance level at 76.21. A further resistance level may holdings at 76.94. The Relative Strength Index (RSI) on the 14-day chart is 66.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.81%. Stochastics %K at 93.87% indicates the stock is a selling.
