SES Shares Tumble Again, Losing Nearly 26% in a Month Amid Pressure on the SBF 120
The Luxembourg-based satellite operator continues another deep red session in mid-morning trading. The stock is among the biggest losers on the SBF 120, contrary to a slightly positive broader Paris index. The downward spiral that began in late May continues to deepen.
The stock falls 4.26% to €6.64, losing nearly 26% over a month
SES declines by 4.26% to €6.63 in mid-morning trading, down from €6.93 the previous day. The stock is among the largest declines on the SBF 120, while the broader index is up by 0.29%. Over the month, the stock has lost nearly 26%, and about 11% in just the past week. The sectoral context remains unfavorable for satellite players: the retreat in oil prices and the easing geopolitical tensions since the resumption of flows through the Strait of Hormuz are weighing on defense and satellite telecom stocks. Eutelsat, another European operator, is down 4.27% and holds the last position in the index.
Below its short-term moving averages, the stock approaches a technical floor at €6.53
The break of support at €6.93 in recent days has left the price in free fall, with no intermediate reference visible before the 200-day moving average, located at €6.53. The stock is now trading 17.88% below its MM20 (€8.08) and 14.05% below its MM50 (€7.72), a gap that reflects the magnitude of the recent downturn. The RSI at 34 is approaching the oversold zone without fully entering it, a sign of still incomplete selling exhaustion. The MM200, the last medium-term technical safeguard, will be the next level watched: a price that clearly falls below would erase the entirety of the year's bullish rally.
