Soitec Stock Rebounds Over 5%, Among Top Gainers in SBF 120
The Isère-based semiconductor substrate specialist significantly recovers in mid-morning trading, while the SBF 120 index declines. The movement comes after a challenging week marked by profit-taking. Volatility remains very high on the stock.
Soitec Shares Gain 5.42% to €154.60, Outperforming the Market
Soitec shares are up 5.42% at €154.60, compared to the last close at €146.65. The stock is among the strongest performers in the SBF 120, even as the broader index falls by 0.79% and the CAC 40 drops by 0.80%.
The rebound does not offset the past week's performance, which remains at -13% following significant corrections last Friday and the week before. However, the three-month gain is still impressive at nearly 271%, and the annual performance exceeds 231%.
According to reviewed statements, two funds hold a combined 1.93% of the capital sold short. The bearish bet has significantly lightened over thirty days (from 5.03% a month ago), a movement that may indicate a partial unwinding of short covers after the quarterly rally.
Stock Falls Below its 20-Day Moving Average but Maintains a Wide Gap with Long-Term Benchmarks
At €154.60, the price is slightly below the 20-day moving average of €159.43 (a gap of -3.03%), indicating that last week's consolidation phase has not yet concluded. The RSI at 50 suggests a balance between buyers and sellers, following the previous weeks' overbought conditions.
The gap with long-term benchmarks remains impressive: the 50-day moving average at €118.68 and the 200-day moving average at €56.04 are well below the current price, at 30% and 176% respectively. The identified support is at €98.76 and resistance at €192.20.
During the 2026 annual results announcement on May 27, the company reported a 34% decrease in revenue to €592 million, offset by a cash flow that returned to positive territory at €63 million. Among the opportunities highlighted were the demand driven by the AI market and Photonics-SOI solutions for data centers.
