EssilorLuxottica Shares Drop 2.54% to a Two-Year Low at €174.70
The Franco-Italian optical giant experienced another session in the red this Monday. During the session, the stock hit a new two-year low of €174.70, falling below the previous low of €175.15 reached in 2024. This decline is part of a broader downturn in the European market, with the CAC 40 down 0.71% at 8,056.85 points.
A New Two-Year Low Despite Double-Digit Growth
EssilorLuxottica loses 2.54% to €176.65, after having touched €174.70 intraday. The stock has seen a 4.87% decline over the week and nearly 31% over three months. This slide contrasts with recent operational dynamics. During the announcement of the first quarter 2026 revenue, the group reported €7.127 billion in revenue, up 10.8% at constant exchange rates, marking a third consecutive quarter of double-digit growth. However, the stock had fallen 3.7% on the day of the announcement, continuing its decline in subsequent sessions. Strategically, the group confirmed during this announcement an annual growth target of around 5% in revenue from 2022 to 2026 at constant exchange rates, aiming for €27 to €28 billion, with an adjusted operating result of 19 to 20% of revenue. The next milestones for shareholders are the 2026 half-year results, expected on July 28.
Price Below the Lower Bollinger Band, RSI at 34
Today's decline has pushed the price below the lower Bollinger band (€184.65), indicating an oversold condition. The RSI at 34 confirms the exhaustion of the short-term downward trend, without yet moving into an extreme zone. The 50-day moving average, at €211.57, remains significantly above the current price, about 19.8% higher, illustrating the depth of the correction since the start of the year. The session's context remains unfavorable for European stocks. Brent crude is trading around $108.36 a barrel amid ongoing tensions around the Strait of Hormuz, and the ECB kept its key interest rates unchanged on April 30, signaling intensified risks on inflation and growth. Although not directly linked to the stock, these factors contribute to caution in the equity markets. The technical support identified at €185.70 has now been breached. The next concrete appointment for shareholders remains the publication of the 2026 half-year results on July 28.
