Renault Shares Soar 6.73% to €31.42 Amid Brent Crude's Fall
Renault's stock skyrockets midday in Paris, benefiting from a general rebound in European energy-sensitive stocks. The session is dominated by a marked decline in Brent crude, which falls below $101 amid hopes of an agreement between Washington and Tehran. The CAC 40 is up 3.36% during the session, at 8,333.24 points.
A Rebound Aligned with Geopolitical Easing
Renault's stock climbs 6.73% to €31.42, following an euphoric session for European cyclicals. Brent crude drops about 8.6% for the day, around $100.44, after reports from Axios and Reuters on a memorandum of understanding being discussed between the United States and Iran. The pause of the U.S. military operation in the Strait of Hormuz, announced by Donald Trump, fuels this easing. European automakers, whose stocks are historically sensitive to oil price fluctuations, mechanically benefit from the movement. Renault ranks 9th in the CAC 40 for the session, behind Safran (+9.99%), ArcelorMittal (+8.91%), and Kering (+7.46%). Conversely, TotalEnergies falls by 5.07% and closes the index. As a reminder, on April 13, Renault's stock had suffered in a reverse context, with Brent above $100 amid a naval blockade, illustrating the negative correlation of the stock to oil prices.
Stock Approaches 200-Day Moving Average, Busy Schedule Ahead
Today's rebound brings the price close to the €32.52 resistance level, and to the 200-day moving average at €32.98. Crossing this zone would constitute a medium-term technical signal, as the stock has been trading below this reference for several weeks. The RSI at 42 remains in neutral territory, without overbuying despite today's surge. On the commercial front, Renault's April registrations in France fell by 5.27%, a point of concern in a competitive environment. During the 9-month 2025 report, management confirmed an operational margin target around 6.5% and a free cash flow between €1.0 and €1.5 billion. Over the year, the stock still shows a decline of 33.8%. Next key date: the publication of the first half 2026 results, expected on July 30.
