Southern Co. Stock Falls Tuesday, Underperforms Market
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Shares of Southern Co. (SO) slipped 2.07% to $67.13 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,002.87 and the Dow Jones Industrial Average rising 0.98% to 32,560.60. Southern Co. closed $13.44 short of 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 Tuesday, as NextEra Energy Inc. (NEE) fell 0.80% to $75.36, Dominion Energy Inc. (D) fell 2.75% to $54.09, and American Electric Power Co. Inc. (AEP) fell 3.12% to $88.90. Trading volume (6.0 M) eclipsed its 50-day average volume of 4.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 21, 2023.
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March 21, 2023 17:23 ET (21:23 GMT)
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