Soitec Stock Surges 14%, Reaching New Peak Since 2024
Soitec's stock soared by 13.97% to €128.90 this Thursday, after hitting a session high of €129.95, a record since 2024. This movement goes against the trend of a CAC 40 that fell by 1.17% to 7,977.68 points. The stock continues an upward trend that has seen its price quadruple over three months.
A New Historical Record Despite a Declining CAC 40
The semiconductor substrate manufacturer reached an intraday high of €129.95, surpassing its previous 2024 peak of €129.85. The current price of €128.90 remains close to this level, after a 17.5% increase over a week and a 385.3% rise over three months.
The bullish acceleration contrasts with the general trend of the Paris market, with the SBF 120 down by 1.05%. European peers are mixed: ASML is down by 0.08%, STMicroelectronics by 0.46%. In the United States, the semiconductor sector remains well-oriented, with Advanced Micro Devices up by 4.30% and Micron Technology by 2.81%.
The stock thus extends a dynamic that began in mid-March and has significantly amplified since the rebound on April 8, when the stock gained nearly 10% in one session.
Technical Overheat and Upcoming May 27 Event
Technical indicators reflect a situation of extreme tension. The RSI at 86 keeps the stock in a marked overbought zone, a configuration already noted during previous accelerations. The price is now above the upper boundary of the Bollinger Bands, set at €119.81, indicating a characteristic extension phase of the bullish trend.
The gap with the moving averages has widened: the price is about 127% above the MM50 at €56.79 and more than three times higher than the MM200 at €39.86. The technical resistance threshold identified at €112.65 has been clearly surpassed, and the previous record of €129.85 is now being tested.
On the agenda, the annual 2026 results are expected on May 27, marking the next significant date on the company's financial calendar.
