Kering's Stock Soars 4.76% Mid-Day After a Dramatic Rebound in the CAC 40
Kering's stock sees a significant increase this Monday, March 23, rising 4.76% to 245.30 euros at midday, after closing at 234.15 euros on Friday. This rebound occurs in a context of a dramatic turnaround in the CAC 40, which gained 0.61% during the session after losing more than 2% in the morning due to geopolitical tensions.
Market Volatility and Geopolitical Tensions
This Monday's session was marked by high volatility in European markets. Fears of a potential conflict between the United States and Iran around the Strait of Hormuz had caused a sharp drop early in the morning. The announcement from Washington of 'very successful' talks with Tehran, along with the postponement of the planned military strikes, triggered a sharp turnaround across the Paris stock market. Kering fully benefited from this catch-up movement, as the stock had been particularly penalized in recent weeks with a decline of 19.61% over three months. Technically, the RSI of the stock was at 22, a level indicating a pronounced oversold situation, which supports the reading of a mechanical rebound. The stock was trading close to the support level at 232.60 euros on Friday, whose maintenance may have favored the rebound observed this Monday. The 50-day moving average, set at 271.75 euros, remains significantly above the current price, illustrating the underlying bearish trend that has prevailed for several months.
Medium-Term Performance and Sector Recovery
Despite the day's rebound, Kering's medium-term trajectory remains marked by a significant decline. Over a week, the stock still shows a decrease of 1.37%, while the growth over one year stands at 18.62%. In the luxury sector, LVMH gained 1.81% during the session, confirming a sector-wide recovery, while L'Oréal lost 0.33%. The next major event for the group is the publication of the first quarter 2026 revenue, expected on April 14. This deadline will be crucial to assess the commercial trajectory of the group, particularly the dynamics of Gucci, its main brand. The general assembly is scheduled for May 28, 2026. These milestones could serve as catalysts that might influence the stock's trend in the coming weeks, as the price remains distant from its major resistance set at 288.75 euros.
