Southern Co. Stock Rises Wednesday, Outperforms Market
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Shares of Southern Co. (SO) advanced 2.22% to $67.65 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.70% to 3,891.93 and Dow Jones Industrial Average falling 0.87% to 31,874.57. This was the stock's third consecutive day of gains. Southern Co. closed $12.92 below 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 Wednesday, as NextEra Energy Inc. (NEE) rose 1.30% to $75.52, Dominion Energy Inc. (D) rose 2.19% to $55.91, and American Electric Power Co. Inc. (AEP) rose 2.59% to $92.59. Trading volume (6.1 M) eclipsed its 50-day average volume of 4.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 15, 2023.
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March 15, 2023 17:24 ET (21:24 GMT)
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