SCOR SE stock breaks its 50-day moving average and loses more than 6% in one week

A decline that aggravates the gap relative to short-term moving averages

The Scor SE stock falls 1.77% to €32.18 in trading, against a close of €32.76 the previous day. This movement occurs in a globally bearish market context: the CAC 40 loses 1.79% and the SBF 120 declines 1.72% at midday. The stock nevertheless remains among the weakest performers in its index, ranking 83rd out of 120 members. Over the week, the decline reaches 6.18%, following already a 2.5% drop last Monday which had brought the stock into contact with its 50-day MA.

This contact has ultimately given way: the price is now below the 50-day MA at €33.27 (gap of -3.28%) and the 200-day MA at €33.79 (gap of -4.76%). Only the 200-day MA at €30.65 remains below the current price, offering a cushion of 4.99%. The RSI at 39 is approaching the oversold zone without yet reaching it, reflecting persistent selling pressure for several weeks without a clear exhaustion signal for now.

Modest valuation and fundamentals that remain an anchor point for the stock

Despite this short-term decline, Scor SE maintains a gain of 16.51% over one year and 6.7% over three months, which tempers the recent deterioration. In terms of valuation, the stock trades at approximately 7.3 times expected earnings for the current fiscal year and 7.0 times those for the following year, according to analyst consensus, with earnings per share growth projected at +3.5% from one year to the next. These levels remain modest in the reinsurance sector. It should be noted that during the publication of Q1 2026 results on May 6, management expressed confidence in the group's ability to achieve its annual objectives.

The sector context remains marked by elevated climate claims in France (€1.2 billion in natural disaster claims in 2024, frequency multiplied by four since 2015), which structurally weighs on sector underwriting conditions. Furthermore, the rise in long-term rates in Europe, with the 10-year Bund yield close to a 15-year high around 3.40%, represents a historically unfavorable element for a reinsurer whose valuation is sensitive to inflation indicator developments. The support at €32.76, corresponding to the previous day's closing price, is now broken on the downside; the next identified reference level is located at the 200-day MA of €30.65.