Southern Company’s recent filing unveils that its Chairman, President & CEO, GAS Kerr, II James Y unloaded Company’s shares for reported $2.69 million on Oct 04 ’24. In the deal valued at $89.64 per share,30,000 shares were sold. As a result of this transaction, Kerr, II James Y now holds 145,088 shares worth roughly $13.45 million.
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Then, Kerr, II James Y bought 30,000 shares, generating $2,689,277 in total proceeds.
Before that, Anderson Bryan D sold 6,565 shares. Southern Company shares valued at $587,830 were divested by the EVP & Pres. External Affairs at a price of $89.54 per share. As a result of the transaction, Anderson Bryan D now holds 44,467 shares, worth roughly $4.12 million.
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 fall -0.55% to $92.73. Over the last five days, the stock has gained 3.22%. Southern Company shares have risen nearly 32.24% since the year began. Nevertheless, the stocks have risen 39.57% over the past one year. While a 52-week high of $93.35 was reached on 10/21/24, a 52-week low of $64.53 was recorded on 02/16/24. SMA at 50 days reached $88.94, while 200 days put it at $77.98.
Levels Of Support And Resistance For SO Stock
The 24-hour chart illustrates a support level at 92.32, which if violated will result in even more drops to 91.90. On the upside, there is a resistance level at 93.44. A further resistance level may holdings at 94.14. The Relative Strength Index (RSI) on the 14-day chart is 64.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.12%. Stochastics %K at 92.20% indicates the stock is a selling.
How much short interest is there in Southern Company?
A steep rise in short interest was recorded in Southern Company stocks on 2024-09-30, growing by 3.32 million shares to a total of 20.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 17.64 million shares. There was a rise of 15.83%, which implies that there is a positive sentiment for the stock.
