Le Slip Français Share Price Hits Floor at €12.24
The stock of the Parisian French cotton underwear manufacturer experiences a sharp decline, erasing a significant fraction of its value in a few hours. The fall brings the three-month loss to nearly 12%, in a context of a broadly downward-trending market in Europe.
Historic Low at €12.24 Marked During Session, Price Returns to €13.06
The session of Thursday, August 27 marks an unprecedented milestone for Le Slip Français: the stock touched €12.24 during intraday trading, erasing the previous floor of €13.90 recorded the day before. At mid-session, the price rebounds to €13.06, representing a decline of 8.03% compared to the previous close of €14.20. Over the week, the loss reaches 8.67%, and over three months, the stock loses 11.76%. The nearest resistance level is situated at €13.50, the first round psychological threshold above the current price, with no history of prior tests at this level.
A European Market in Retreat That Amplifies Pressure on the Stock
The movement occurs during a day of slight weakness for major European exchanges: the CAC 40 declines 0.99% during the session and the SBF 120 retreats 0.90%, though this index decline is insufficient to explain the magnitude of the correction on Le Slip Français. The VIX, at 14.87 points, reflects a contained global volatility environment, which renders the brutality of the intraday movement all the more striking. The DAX, for its part, advances 0.63% during the session, a sign that the pressure remains sectoral and not systemic. The next level to watch remains the resistance at €13.50, which the stock will need to break through again to erase a portion of the day's decline.
