Large Inflow of Money Witnessed in Southern Company (The)

Southern Company (The) (NYSE:SO) : On Wednesday, The money flowed into the Southern Company (The) (NYSE:SO) stock with an uptick to downtick ratio was recorded at 1.73. Transactions worth $67.21 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $38.76 million. The total money flow into the stock was $28.45 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $29.15 million of block transactions on upticks. The total money flow in block trades was $29.15 million. In terms of price action, Southern Company (The) (NYSE:SO) traded down $0.09 during the session at $52.22. Compared to the previous days closing, the stock was down only by -0.17%. For the week, the stock is 2.01%, over previous weeks closing.


In an insider trading activity, The Securities and Exchange Commission has divulged that Kuczynski Stephen E, officer (Pres. & CEO, Southern Nuclear) of Southern Co, had unloaded 62,729 shares at an average price of $51.43 in a transaction dated on May 4, 2016. The total value of the transaction was worth $3,226,152. Currently the company Insiders own 1% of Southern Company (The) shares according to the proxy statements. Institutional Investors own 49.79% of Southern Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -18.9%.

The company shares have rallied 24.02% from its 1 Year high price. On Jun 28, 2016, the shares registered one year high at $52.46 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $50.12 and the 200 Day Moving Average price is recorded at $49.19. Southern Company (The) (NYSE:SO): The stock opened at $52.40 on Wednesday but the bulls could not build on the opening and the stock topped out at $52.50 for the day. The stock traded down to $52.04 during the day, due to lack of any buying support eventually closed down at $52.22 with a loss of -0.17% for the day. The stock had closed at $52.31 on the previous day. The total traded volume was 5,943,541 shares.

Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Companys business segments are the sale of electricity by the four traditional operating companies and Southern Power. The four traditional operating companies, including Alabama Power, Georgia Power, Gulf Power and Mississippi Power, are vertically integrated utilities providing electric service in four Southeastern states. Southern Company owns all of the common stock of Southern Power Company, which is also an operating public utility company. Southern Power constructs, acquires, owns, and manages generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The Company also operates the All Other segment.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.