Amundi Shares Hit Record High of €83.05 Following Quarterly Results
The asset manager continues its momentum after the release of its quarterly results. The Amundi stock reached a record high of €83.05 during Monday's session, extending the trend that began in late April. The stock is currently trading at €82.95, up 0.91% from the last close.
A New Record High Following Q1 Results
The stock crossed a symbolic threshold with a record high of €83.05 reached during the session. This movement is a continuation of the April 29 session, where the stock had jumped 6.65% following the announcement of a record quarterly net inflow of €32 billion. Over seven days, the increase reaches 8.5%. The adjusted net income for the first quarter increased by 15% year-over-year to €349 million, with earnings per share of €1.69. This growth contrasts with a CAC 40 that fell by 0.53% to 8,071.93 points during the session, and an SBF 120 that lost 0.42%. On the schedule, the general assembly is planned for June 2, followed by the dividend detachment on June 9.
Stock Breaks Above its Bollinger Bands
The stock is priced at €82.95, significantly above the upper Bollinger band set at €79.79. This configuration reflects an upward extension dynamic after breaking through the technical resistance at €81.40, a level already reached during the April 29 session. The MM50 at €75.97 and the MM200 at €70.17 remain below the price, consistent with the medium-term bullish trend (+15.45% over a year). The RSI at 52 remains neutral, which moderates the overbought reading suggested by the Bollinger breakout. In the background, the ECB kept its key interest rates unchanged on April 30, while signaling an intensification of risks on inflation and growth related to the conflict in the Middle East. The next milestone for the stock will be the publication of the second-quarter results, scheduled for July 30.
