Southern Company’s recent filing unveils that its EVP, Chief Legal Officer & CCO Spainhour Sterling A Jr. unloaded Company’s shares for reported $70212.0 on Nov 04 ’24. In the deal valued at $88.54 per share,793 shares were sold. As a result of this transaction, Spainhour Sterling A Jr. now holds 11,707 shares worth roughly $1.03 million.
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Then, Spainhour Sterling A Jr. bought 793 shares, generating $70,212 in total proceeds.
Before that, Kerr, II James Y sold 30,000 shares. Southern Company shares valued at $2,689,200 were divested by the Chairman, President & CEO, GAS at a price of $89.64 per share. As a result of the transaction, Kerr, II James Y now holds 145,088 shares, worth roughly $12.82 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 -0.35% to $88.33. Over the last five days, the stock has gained 0.24%. Southern Company shares have risen nearly 25.97% since the year began. Nevertheless, the stocks have risen 29.82% over the past one year. While a 52-week high of $94.45 was reached on 10/24/24, a 52-week low of $65.80 was recorded on 02/16/24. SMA at 50 days reached $89.97, while 200 days put it at $79.48.
Levels Of Support And Resistance For SO Stock
The 24-hour chart illustrates a support level at 87.94, which if violated will result in even more drops to 87.54. On the upside, there is a resistance level at 88.93. A further resistance level may holdings at 89.52. The Relative Strength Index (RSI) on the 14-day chart is 44.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.74%. Stochastics %K at 19.76% indicates the stock is a buying.
How much short interest is there in Southern Company?
A steep rise in short interest was recorded in Southern Company stocks on 2024-10-15, growing by 1.27 million shares to a total of 19.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.76 million shares. There was a rise of 6.68%, which implies that there is a positive sentiment for the stock.
