BIC Shares Drop 2.24% to €56.70 Two Days Before Annual General Meeting

Stock Falls Below 20-Day Average as General Meeting Approaches

BIC's shares drop 2.24% to €56.70, down from a previous close of €58.00. This decline brings the price below the 20-day moving average, which is at €58.18, after several sessions hovering around this level. However, the stock still maintains a margin over its 200-day average at €53.00, approximately 7% higher. The RSI at 55 remains neutral, indicating neither overbought nor oversold conditions. The weekly performance shows a slight decline of -1.39%, and the stock is nearly stable over three months with a +0.18% change. The 2026 general meeting is set for May 20, in two days. This session contrasts with that of May 4, when the stock had broken its resistance at €59.40 to reach €59.90.

Bond Yields Surge and Brent at $111 Weigh on Cyclical Stocks

The market context continues to be dominated by a surge in sovereign yields, with the US 10-year reaching 4.63%, a peak since February 2025. Brent crude remains above $110 per barrel, extending the increase due to the Iranian conflict and the blockade of the Strait of Hormuz. This backdrop impacts cyclical stocks and those exposed to production costs. At the end of April, the group reported an organic growth of 1.6% for Q1, amounting to €453 million, hindered by an unfavorable exchange rate effect. Additionally, Finance Ministers from the G7 are meeting in Paris this Monday and Tuesday to discuss global economic imbalances and dependency on raw materials. The next significant event for the stock is the general meeting on May 20.