Sodexo Shares Gain 2.4% to €43.48, Reaching 50-Day Moving Average
In early afternoon trading, the share price of the collective catering group increased by 2.4% to €43.48, moving against the trend of the SBF 120, which is down 1.05% during the session. This movement allows Sodexo to reconnect with its 50-day moving average after a challenging several weeks. Over one year, the share is still down by 21.09%.
A Notable Rise in a Declining Paris Market
The share ranks 7th in the SBF 120 for the session, among the index's largest gains. This progress contrasts with the declines of the CAC 40 (-1.16%) and the SBF 120 (-1.05%), which are affected by geopolitical tensions in the Middle East and a Brent crude price increase to $103.56 (up 2.24%). The Facilities Management contract secured from Rio Tinto in Australia on May 5 provides a favorable context, with the agreement lasting seven years and an option to extend for three more years, starting in June 2026. Regarding shareholders, the cumulative net short positions reach 6.54% of the capital according to the latest AMF publication on May 6, declared by nine funds including AQR Capital Management (1.32%), Squarepoint Ops (0.92%), and Marshall Wace (0.88%). This short exposure has increased by 2.84 points in thirty days.
50-Day Moving Average in Sight, Next Meeting in July
The share price is exactly at its 50-day moving average, located at €43.48, after spending several sessions below it. Above the MM20 at €42.19 (a gap of +3.06%), the share remains, however, 8.15% away from its 200-day average at €47.34, which indicates the medium-term downward trend. The RSI at 47 is neutral and does not indicate any extremes. The technical resistance is at €46.18, which is just over 6% above the current price. Over three months, the share has lost 6.86%, reflecting the difficulty in reversing the trend despite the day's rebound. The next key date on the calendar is the publication of the third-quarter 2026 revenue, expected on July 2, 2026, followed by an Investor update on July 16.
