SCOR SE Stock: Closes Up 3.2%, Weekly Performance at -12.05%
Reinsurer SCOR SE continues its recovery at the end of this week. The stock increased by 3.2% to 26.42 euros, benefiting from a technical rebound after last Friday's steep decline. This upward trajectory over three consecutive sessions occurs in a context of marked volatility, with the stock having suffered heavy losses during the unveiling of its quarterly accounts.
Wednesday's Session Solidifies Recovery
Wednesday's session consolidates the recovery that began on Monday. The stock price increased by 3.2%, moving from 25.60 to 26.42 euros, in a context of moderate trading volume (0.4% of the capital traded). The CAC 40 index shows almost stability with a +0.08%, highlighting the superior performance of the French reinsurer. On an annual horizon, SCOR gains 34.52%, confirming the attractiveness of the stock before last Friday's tumble. That day, the stock had plunged by 13%, ranking among the steepest declines in the SBF 120 at the time of the quarterly results reveal. The rebound initiated in Monday's session, with a 2% gain, thus progressively amplifies over the sessions, suggesting a waning of selling pressure.
Third Quarter Accounts Show Underlying Strength Despite Market Reaction
The third quarter accounts, although sharply disappointing in the stock market last Friday, displayed underlying strength. The reinsurer recorded a net profit of 217 million euros, reversing a loss of 117 million euros from the previous year. In property and casualty, the combined ratio stood at 80.9%, supported by low natural disaster activity and the continuation of a cautious policy. The life and health insurance segment generated 98 million euros, while the current yield on investments reached 3.5%, with reinvestment conditions remaining attractive. However, this cross-sectional improvement was not enough to reassure the markets on Friday, with the unveiling of the figures triggering a surprising panic sale given the quality of the publication.
Technical Indicators Remain Mixed
Technically, the outlook remains nuanced. The Relative Strength Index (RSI) peaks at 14, an extreme oversold condition that theoretically opens up rebound prospects. The MACD line remains depressed at -0.71, while the Histogram records -0.58, confirming the absence of a clearly established upward dynamic. The stock trades above its support at 25.60 euros but remains below its 50-day (29.07) and 200-day (27.78) moving averages. The monthly volatility of 14.66% and a beta coefficient of -0.10 reflect persistent instability. The Bollinger Bands (26.38 – 33.18) offer space for potential acceleration, although the momentum remains indecisive and technical consolidation is necessary.
