Technical Analysis: Based on the recent price action, SO has shown a downward trend over the past week, with the stock closing at $85.58 on February 14, 2025. The stock has experienced increased selling pressure, as evidenced by higher trading volumes during down days.
News Impact: Recent insider selling activity by Chairman James Jeffrey Peoples, who sold 52.3% of his holdings (14,540 shares), suggests potential caution from company leadership. However, institutional interest remains strong with 973 institutions increasing their positions versus 828 decreasing.
Price Prediction for Next Week: Based on technical indicators and recent price action:
The stock is showing signs of weakness with increasing selling pressure. The recent insider sale and technical weakness suggest further downside potential. The target price for next week is $84.50, representing a potential decline of approximately 1.3% from current levels.
Recommendation: SELL
The combination of technical weakness, insider selling, and declining momentum suggests taking profits or establishing short positions at current levels.
The price of SO is predicted to go up 3.83%, based on the high correlation periods with CTOS. The similarity of these two price pattern on the periods is 91.87%.
SO
CTOS
Southern has excellent regulatory relationships due in large part to low utility rates and solid reliability. Although operational performance is the foundation for these relationships, management maintains strong political ties as well.
Cash flow should increase now that the Vogtle project is complete, supporting a stronger balance sheet and faster dividend growth.
Business investment and customer growth remains strong in Southern's primary Southeast U.S. service territory, supporting growing energy demand.
Barclays
2024-10-15
Price Target
$71 → $83
Downside
-8.62%
Jefferies
2024-09-19
Price Target
$94
Upside
+4.79%