Southern Company’s recent filing unveils that its EVP & COO Connally Stan W unloaded Company’s shares for reported $1.15 million on Mar 31 ’25. In the deal valued at $92.24 per share,12,500 shares were sold. As a result of this transaction, Connally Stan W now holds 149,419 shares worth roughly $13.25 million.
Then, Connally Stan W bought 12,500 shares, generating $1,152,980 in total proceeds.
Before that, Greene Kimberly S, sold 32,190 shares. Southern Company shares valued at $2,997,533 were divested by the Chairman, President & CEO, GPC at a price of $93.12 per share. As a result of the transaction, Greene Kimberly S, now holds 106,819 shares, worth roughly $9.48 million.
KeyBanc Capital Markets downgraded its Southern Company [SO] rating to an Underweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early April from “an Underweight” to “a Neutral”. Guggenheim also remained covering SO and has decreased its forecast on January 23, 2025 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on September 20, 2024. It rated SO as “a Hold”.
Price Performance Review of SO
On Friday, Southern Company [NYSE:SO] saw its stock jump 1.52% to $88.71. Over the last five days, the stock has lost -1.82%. Southern Company shares have risen nearly 7.76% since the year began. Nevertheless, the stocks have risen 12.70% over the past one year. While a 52-week high of $94.45 was reached on 04/04/25, a 52-week low of $76.64 was recorded on 01/06/25. SMA at 50 days reached $90.04, while 200 days put it at $87.80.
Levels Of Support And Resistance For SO Stock
The 24-hour chart illustrates a support level at 87.65, which if violated will result in even more drops to 86.58. On the upside, there is a resistance level at 89.26. A further resistance level may holdings at 89.80. The Relative Strength Index (RSI) on the 14-day chart is 47.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.65%. Stochastics %K at 41.29% indicates the stock is a holding.
