Pernod Ricard Shares Plunge to a 12-Year Low at 69.92 Euros
Pernod Ricard faces a challenging session this Thursday, with its stock down 2.4% at 69.92 euros, breaking below its previous 2012 low. This drop is part of a deteriorating trend over several months, with the stock down more than 30% over the year. Meanwhile, the CAC 40 is down 0.39% at 8,010 points in a generally cautious European context.
Historic Low for Pernod Ricard Shares
Today, Pernod Ricard's stock hits a new 14-year low at 69.92 euros, significantly surpassing the previous threshold of 71.30 euros from the start of the year. Over the past seven days, the stock has lost 3.74%, bringing the quarterly decline to 7.34%. This continuous drop illustrates the persistent pressure on the spirits group, whose market capitalization has shrunk by nearly a third in twelve months. The stock is now significantly below all its moving averages: the 50-day moving average at 76.99 euros, and the 200-day moving average at 85.05 euros, indicating a well-established downward trend. The RSI, fallen to 27, is in an oversold zone, a territory that usually signals extreme selling pressure and may precede occasional technical rebounds, but does not necessarily predict a lasting reversal of the underlying trend. The next key event for the group is scheduled for April 16 with the publication of the third-quarter revenue for the fiscal year 2025-2026, a deadline that could act as a catalyst for the stock in one direction or another.
Current Session Reflects Cautious Mood in European Markets
Today's session reflects a generally cautious mood in European markets. The CAC 40 is down 0.39% during the session, while the German DAX is down 0.10% and the London FTSE 100 is down 0.34%. In Asia, the Nikkei 225 closed down 1.04% and the Hang Seng down 0.70%, indicating a global risk aversion movement. In this environment, Pernod Ricard's monthly volatility, measured at 12.53, remains relatively contained despite the sharp drop. The negative beta of -0.20 indicates that the stock is largely decoupled from the market as a whole, suggesting that the downward momentum is more related to factors specific to the group than to the general direction of the indices. The price is approaching the lower Bollinger band, positioned at 68.53 euros, a level that could become the next technical focus if the movement continues. In resistance, the threshold of 86.84 euros remains far from the current price, highlighting the extent of the recovery needed before any significant rebound in the Paris market.
