Kering Shares Bounce 6.65% to €243.05 Before May 28 General Meeting
Kering shares soar by 6.65% to €243.05 at midday on this Wednesday, May 6, 2026, in an exuberant Parisian market. The CAC 40 climbs by 2.80% to 8,287.94 points, the SBF 120 gains 2.72%, and the DAX progresses by 2.58%. The rebound of the stock is part of this general momentum, as the fall in Brent and the hope of a USA-Iran agreement support risk appetite.
A Technical Rebound After a Month Under Pressure
The luxury group's stock returns to €243.05, after having fallen below €228 the previous day. Over three months, the stock is down 6.34%, but still shows a gain of 37.99% over one year. Today's rebound allows the price to move away from the lower boundary of the Bollinger Bands at €214.96, which it had approached in recent sessions. The RSI at 35 reflects the selling pressure phase experienced at the end of April, when the stock had tested its technical support at €231.30. However, the price remains below its 50-day (€255.80) and 200-day (€270.29) moving averages, respectively 5.2% and 11.2% above the current level. The 1-month volatility stands at 11.91, indicating significant amplitude in April's sessions, following a nearly 10% drop after the Q1 earnings release.
Busy Schedule Ahead of the May 28 General Assembly
The next official appointment is the 2026 General Assembly, scheduled for May 28. It will take place in a context of transformation, following the presentation in April of ReconKering, the recovery plan unveiled during the Capital Markets Day in Florence. At that time, during the Q1 2026 revenue release, the group emphasized agility, rigorous execution, and operational support to be provided to each of its Houses to accelerate their development. This assembly will also be marked by a reshuffling of the Board of Directors, with two appointments of independent directors and the departure of Jean-Pierre Denis.
