In a filing, Southern Company revealed its Officer Peoples James Jeffrey acquired Company’s shares for reported $1.25 million on Feb 11 ’25. In the deal valued at $86.00 per share,14,540 shares were bought.
Then, Cummiskey Christopher sold 837 shares, generating $69,739 in total proceeds. Upon selling the shares at $83.32, the EVP & CCO now owns 22,502 shares.
Before that, Cummiskey Christopher bought 837 shares. Southern Company shares valued at $69,739 were divested by the Officer at a price of $83.32 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 Tuesday, Southern Company [NYSE:SO] saw its stock jump 1.10% to $86.45. Over the last five days, the stock has gained 3.91%. Southern Company shares have risen nearly 5.02% since the year began. Nevertheless, the stocks have risen 29.15% over the past one year. While a 52-week high of $94.45 was reached on 01/27/25, a 52-week low of $65.80 was recorded on 01/06/25. SMA at 50 days reached $83.75, while 200 days put it at $84.18.
Levels Of Support And Resistance For SO Stock
The 24-hour chart illustrates a support level at 84.98, which if violated will result in even more drops to 83.52. On the upside, there is a resistance level at 87.22. A further resistance level may holdings at 88.00. The Relative Strength Index (RSI) on the 14-day chart is 60.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.24%. Stochastics %K at 75.37% 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 2025-01-31, dropping by -0.46 million shares to a total of 17.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 18.34 million shares. There was a decline of -2.59%, which implies that there is a negative sentiment for the stock.
