Shares of Southern Company (The) (SO) Sees Large Outflow of Money

Southern Company (The) (SO) : The total negative money flow of $1.59 million on Tuesday indicates selling on strength. The inflow of money on upticks was $0.6 million, compared to $2.19 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.27. The negative money flow of $1.55 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $1.55 million. The price action in the Southern Company (The) (SO) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $51.36 with a gain of $0.02 , a change of 0.04% over the previous days close. The stock registered 0.61% for the week.


Also, SunTrust Robinson Humphrey maintains its view on Southern Company (The) (NYSE:SO) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. SunTrust Robinson Humphrey raises the price target from $54 per share to $55 per share on Southern Company (The). The rating by the firm was issued on August 1, 2016.

Southern Company has lost 1.45% in the last five trading days and dropped 4% in the last 4 weeks. Southern Company is up 3.9% in the last 3-month period. Year-to-Date the stock performance stands at 12.56%.

Southern Company (The) (NYSE:SO): The stock opened at $51.23 on Tuesday but the bulls could not build on the opening and the stock topped out at $51.56 for the day. The stock traded down to $50.91 during the day, due to lack of any buying support eventually closed down at $50.96 with a loss of -0.74% for the day. The stock had closed at $51.34 on the previous day. The total traded volume was 5,580,697 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & Pres. External Affairs) of Southern Co, Womack Christopher C had sold 46,008 shares worth of $2,456,827 in a transaction dated August 2, 2016. In this transaction, 46,008 shares were sold at $53.4 per share.

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.

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