Parrot Shares Surge 9.5% Midday, Boosted by NATO Orders
Parrot shares gained 9.5% mid-session this Friday, March 20, trading at €10.95 from a previous close of €10. This movement is part of a remarkable trend: the stock has risen over 35% in the past week and nearly 70% over the month. The convergence of these signals places the stock at the center of attention in the Paris market.
Initial Boost from NATO Drone Orders
PARROT experienced an initial boost on March 17, when the company announced its first drone orders from NATO. This announcement acted as a catalyst for a stock already evolving in a favorable sectoral context, driven by the increase in defense investments in Europe. The 69.5% performance recorded over three months reflects a gradual adjustment of expectations around the group's industrial positioning in the military drone segment. The stock will publish its annual 2025 results on March 27, a deadline that could maintain operator interest in the very short term. It is noteworthy that this resurgence occurs in a tense market environment, with the VIX at 25.09, up more than 12% from the previous session, making the stock's isolated progress all the more striking.
Technical Breakthrough in Trading
From a chart perspective, breaking through the high at €11.05 is the most structuring signal of the session, validating an upward exit from a resistance zone that coincides with the annual peak. The next identified resistance stands at €11.70, a level that will serve as a reference in the upcoming sessions. The moving averages confirm the momentum: the MM50 at €7.48 and the MM200 at €8.68 are significantly exceeded, illustrating a large rebound compared to medium-term trend levels. The RSI, established at 68, approaches the overbought zone without yet entering it, while the monthly volatility, at 35.50%, reflects the amplitude of recent oscillations in the stock. These technical elements outline a stock in strong upward dynamics, whose next fundamental appointment — the publication of the 2025 annual results on March 27 — could provide elements for consolidation or acceleration of the movement.
