Aperam Shares Bounce Back by 3.5% and Join the Leaders of the SBF 120

A Significant Rebound that Positions the Stock Among the Top Gainers of the SBF 120

Aperam's stock has risen by 3.71% to €44.74 during the session, up from €43.14 the previous day. This increase places the stock among the strongest gains in the SBF 120, while the broader Paris index remains flat (+0.06%). The movement erases part of the drop from Tuesday, when the stock had fallen by 3.5% following an analyst's note. The rebound follows in the footsteps of ArcelorMittal, which leads the index with a gain of 5.87%, in a well-oriented European steel sector. Despite this rebound, the monthly performance remains negative at -10.61%, while the annual gain exceeds 60%.

A Recent Sell Opinion Contrasts with the Long-Term Trend

BNP Paribas Exane set a sell opinion on the stock on July 8, with a price target of €38. This target is about 15% below the current price, reflecting a cautious short-term outlook from the brokerage. The stock is trading below its 20-day moving average (€45.69, gap -2.08%) and its 50-day moving average (€47.98, gap -6.75%), but maintains a comfortable cushion of more than 16% above its 200-day moving average at €38.54. The RSI at 39 indicates a selling pressure that remains moderate, consistent with the decline in recent sessions. The stock is also framed by a support at €41.78 and a resistance at €53.05, a level that had already hindered progress in mid-June. The next concrete milestone for the stock will be the quarterly earnings release, after the company anticipated in early July a significantly higher EBITDA for Q2 compared to €90M in Q1.