The President & CEO, APC of Southern Co is Exercising Options

By Carrie Williams

Yesterday it was reported that the President & CEO, APC of Southern Co (SOResearch Report), Mark Crosswhite, exercised options to sell 267,442 SO shares at $43.27 a share, for a total transaction value of $14.55M.

Following Mark Crosswhite’s last SO Sell transaction on August 01, 2016, the stock climbed by 8.1%. In addition to Mark Crosswhite, 6 other SO executives reported Sell trades in the last month.

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SO’s market cap is $56.68B and the company has a P/E ratio of 16.89. Currently, Southern Co has an average volume of 3.4M.

Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $53.25, reflecting a -2.4% downside.

In the last 30 days, insiders have sold $25.4M worth of SO shares and purchased $63.34K worth of SO shares. The insider sentiment on Southern Co has been negative according to 61 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Mark Crosswhite’s trades have generated a -5.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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The Southern Co. is a holding company, which engages in the sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power and Southern Company Gas.