Southern Co. Stock Rises Thursday, Outperforms Market
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Shares of Southern Co. (SO) rose 2.17% to $63.67 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.76% to 3,981.35 and the Dow Jones Industrial Average rising 1.05% to 33,003.57. The stock's rise snapped a seven-day losing streak. Southern Co. closed $16.90 below its 52-week high ($80.57), which the company reached on August 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as NextEra Energy Inc. (NEE) rose 3.35% to $72.21, Dominion Energy Inc. (D) rose 1.70% to $54.99, and American Electric Power Co. Inc. (AEP) rose 1.89% to $87.99. Trading volume (5.8 M) eclipsed its 50-day average volume of 4.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 2, 2023.
(END) Dow Jones Newswires
March 02, 2023 17:24 ET (22:24 GMT)
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