SCOR Shares Under Pressure: -9.6% in One Week Ahead of Q1 Results
The Parisian reinsurer has fallen by 1.95% in mid-afternoon trading, to €29.24. The stock is now below its 50-day moving average and has lost nearly 9.6% over the week, as the first quarter financial results are expected on Wednesday, May 6.
A Decline Below the Bollinger Bands
SCOR SE's stock has fallen below the lower Bollinger band set at €29.87, indicating an oversold condition after a week of decline. The 50-day moving average (MM50) at €30.68 is now above the current price, while the 200-day moving average (MM200) at €28.95 remains just below. The RSI at 60, however, indicates a still neutral momentum, contrasting with the break below the lower bands. The market context weighs on the session: the CAC 40 is down 0.8% at 8,049.98 points, and the SBF 120 is down 0.69%. The recent trajectory of the stock contrasts with the early April sequence when the stock exceeded its upper Bollinger band at €31.54. The support at €29.80 has been breached downwards during the session.
Focus on the Quarterly Publication on May 6
The next appointment on SCOR's financial calendar is the publication of the first quarter 2026 results, scheduled for Wednesday, May 6. Against this backdrop, the ECB has kept its three key interest rates unchanged on April 30 and noted a simultaneous intensification of upward risks on inflation and downward risks on growth, amid conflict in the Middle East and rising energy prices. Brent crude is trading around $108.36 a barrel, fueling imported inflationary pressure. SCOR is historically sensitive to HICP inflation in the eurozone, which stands at 3.0% year-on-year, and to French growth, with GDP remaining stable in the last quarter. The market will be watching on Wednesday for the trajectory of the reinsurer's technical profitability and its combined ratio.
