In a filing, Southern Company revealed its EVP & Pres. External Affairs Anderson Bryan D unloaded Company’s shares for reported $0.59 million on Sep 06 ’24. In the deal valued at $89.54 per share,6,565 shares were sold. As a result of this transaction, Anderson Bryan D now holds 44,467 shares worth roughly $4.01 million.
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Then, Anderson Bryan D bought 6,565 shares, generating $587,830 in total proceeds.
Before that, Stephen E. Kuczynski bought 24,000 shares. Southern Company shares valued at $2,059,200 were divested by the Officer at a price of $85.80 per share.
Jefferies initiated its Southern Company [SO] rating to a Hold in a research note published on September 20, 2024; the price target was $94. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in mid September from “an Outperform” to “a Neutral”. Wolfe Research also remained covering SO and has decreased its forecast on August 02, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. UBS revised its rating on April 04, 2024. It rated SO as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SO
On Monday, Southern Company [NYSE:SO] saw its stock jump 0.09% to $90.18. Over the last five days, the stock has lost -0.38%. Southern Company shares have risen nearly 28.61% since the year began. Nevertheless, the stocks have risen 38.59% over the past one year. While a 52-week high of $90.85 was reached on 09/24/24, a 52-week low of $61.56 was recorded on 02/16/24. SMA at 50 days reached $87.14, while 200 days put it at $76.49.
Levels Of Support And Resistance For SO Stock
The 24-hour chart illustrates a support level at 89.61, which if violated will result in even more drops to 89.04. On the upside, there is a resistance level at 90.69. A further resistance level may holdings at 91.20. The Relative Strength Index (RSI) on the 14-day chart is 60.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.51%. Stochastics %K at 61.17% 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 2024-09-13, dropping by -2.02 million shares to a total of 17.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 19.78 million shares. There was a decline of -11.38%, which implies that there is a negative sentiment for the stock.