Large Inflow of Money Witnessed in Southern Company (The)

Southern Company (The) (SO) : Thursdays money flow data in Southern Company (The) (SO) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $76.32 million, whereas, $38.17 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2, in favor of the bulls. The total money flow into the stock was $38.15 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $39.82 million. The total value of block trades done on upticks was $40.38 million. The value of bearish trades on downticks was only $0.55 million.The up/down ratio in the block trades was a healthy 73.08 in favor of the bulls, suggesting strong buying in the stock by large traders. Southern Company (The) (SO) fell $0.78 and traded at $53.66, down -1.43% for the day, over previous days close. On a weekly basis, the shares are -0.32% over the previous weeks close.


Southern Company (The) (SO) : 7 Wall Street analysts covering Southern Company (The) (SO) believe that the average level the stock could reach for the short term is $50.43. The maximum price target given is $53 and the minimum target for short term is around $46, hence the standard deviation is calculated at $2.3. The stock has recorded a 20-day Moving Average of 3.63% and the 50-Day Moving Average is 6.6%.

Southern Company (The) (NYSE:SO): The stock opened at $54.32 on Thursday but the bulls could not build on the opening and the stock topped out at $54.32 for the day. The stock traded down to $53.50 during the day, due to lack of any buying support eventually closed down at $53.66 with a loss of -1.43% for the day. The stock had closed at $54.44 on the previous day. The total traded volume was 5,507,860 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.

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