Eurofins Scientific Shares Drop Nearly 3%, Caught by Falling CAC 40
The Luxembourg-based bioanalytical testing specialist significantly falls mid-session, against its recent momentum. The decline is part of a heavily penalized CAC 40 due to the new geopolitical escalation in the Middle East.
A Significant Decline Bringing the Stock Close to its 20-Day Moving Average
Eurofins Scientific shares lose 2.9% at €66.92, erasing the week's gains (-2.39% over seven days). Today's movement brings the stock close to its 20-day moving average (MM20) at €66.11, with a narrow gap of 1.23%. However, the stock remains significantly above its 50-day moving average (MM50) at €63.09 (+6.07%) and its 200-day moving average (MM200) at €63.47 (+5.44%), indicating a still bullish underlying trend despite today's correction.
The RSI at 69 is approaching the overheating threshold, which logically accompanies the profit-taking observed after a gain of 3.08% over a month. The identified resistance threshold at €69.20 remains out of reach in the short term, while the support at €61.34 frames the lower zone.
Index Downturn Linked to New Military Escalation in the Middle East
The market context explains much of the movement: the CAC 40 loses 2.24% and the SBF 120 falls by 2.21% in session, weighed down by renewed tensions between Washington and Tehran. The United States has conducted strikes against Iran, which in retaliation claimed attacks on American military installations in Kuwait and Bahrain. Donald Trump also declared from Ankara that the ceasefire with Iran was over, which fueled a surge in risk aversion: The VIX jumps from 15.57 to 18.71, up 20.17%.
In this climate, nearly all of the CAC 40 is in the red, with Societe Generale (-5.81%) and Saint-Gobain (-4.33%) leading the declines. In the sector specific to the group, the notable recent event was Eurobio Scientific's finalization on July 1st of the acquisition of the Lab Products division from CareDx for €145 million. The next technical marker to watch remains the MM20 at €66.11, whose holding will condition the maintenance of the medium-term bullish channel.
