Southern Co. Stock Falls Thursday, Underperforms Market
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Shares of Southern Co. (SO) dropped 0.55% to $66.34 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.30% to 3,948.72 and the Dow Jones Industrial Average rising 0.23% to 32,105.25. This was the stock's third consecutive day of losses. Southern Co. closed $14.23 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 Thursday, as NextEra Energy Inc. (NEE) fell 0.43% to $73.81, Dominion Energy Inc. (D) fell 1.86% to $52.22, and American Electric Power Co. Inc. (AEP) fell 1.66% to $85.41. Trading volume (4.5 M) eclipsed its 50-day average volume of 4.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 23, 2023.
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March 23, 2023 17:25 ET (21:25 GMT)
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