Southern Company’s recently made public that its EVP and CIO DAVIS MARTIN BERNARD unloaded Company’s shares for reported $0.1 million on Dec 05 ’24. In the deal valued at $85.90 per share,1,170 shares were sold. As a result of this transaction, DAVIS MARTIN BERNARD now holds 88,393 shares worth roughly $7.38 million.
Then, WOMACK CHRISTOPHER C sold 14,000 shares, generating $1,206,520 in total proceeds. Upon selling the shares at $86.18, the CEO, President and Chairman now owns 73,911 shares.
Before that, WOMACK CHRISTOPHER C bought 14,000 shares. Southern Company shares valued at $1,206,499 were divested by the Officer at a price of $86.18 per share.
Guggenheim 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 Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Hold”‘ rating. Mizuho also remained covering SO and has decreased its forecast on September 16, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Wolfe Research revised its rating on August 02, 2024. It rated SO as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of SO
On Friday, Southern Company [NYSE:SO] saw its stock jump 1.48% to $83.48. Over the last five days, the stock has lost -0.49%. Southern Company shares have risen nearly 1.41% since the year began. Nevertheless, the stocks have risen 21.28% over the past one year. While a 52-week high of $94.45 was reached on 01/21/25, a 52-week low of $65.80 was recorded on 01/06/25. SMA at 50 days reached $84.61, while 200 days put it at $83.35.
Levels Of Support And Resistance For SO Stock
The 24-hour chart illustrates a support level at 82.38, which if violated will result in even more drops to 81.29. On the upside, there is a resistance level at 84.24. A further resistance level may holdings at 85.01. The Relative Strength Index (RSI) on the 14-day chart is 51.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.72%. Stochastics %K at 45.78% 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 2024-12-31, dropping by -1.14 million shares to a total of 18.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 19.48 million shares. There was a decline of -6.21%, which implies that there is a negative sentiment for the stock.
