Southern Co. Stock Rises Tuesday, Still Underperforms Market
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Shares of Southern Co. (SO) rose 1.58% to $66.18 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.65% to 3,919.29 and the Dow Jones Industrial Average rising 1.06% to 32,155.40. This was the stock's second consecutive day of gains. Southern Co. closed $14.39 short of its 52-week high ($80.57), which the company achieved on August 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as NextEra Energy Inc. (NEE) rose 1.72% to $74.55, Dominion Energy Inc. (D) rose 0.94% to $54.71, and American Electric Power Co. Inc. (AEP) rose 0.97% to $90.25. Trading volume (5.1 M) eclipsed its 50-day average volume of 4.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2023.
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March 14, 2023 20:38 ET (00:38 GMT)
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