Stellantis Shares Drop to €6.35 Three Days Before a Crucial Investor Day

The stock slides among the biggest losses of the CAC 40 amid Brent at $111

Stellantis drops to €6.35 during the session, down by 1.98%. The stock is among the biggest losses of the CAC 40, alongside Saint-Gobain (-2.36%) and Kering (-2.22%). The European automotive sector remains sensitive to the oil shock: Brent is trading above $110 per barrel, amid persistent tensions around the Strait of Hormuz. Renault, a direct competitor of the manufacturer, loses 0.25%. The parallel deterioration in bond markets (10-year Treasury yield rose to 4.63%) adds pressure on cyclical assets. Over one year, the stock has declined by 33.62%. The loss over three months is more moderate, at 3.48%. The session's decline follows HSBC's recent target downgrade to €5.50, already known to the market.

Investor Day on May 21 Focuses Attention Three Days Before the Event

The calendar becomes the anchor point of the session. The group holds its Investor Day 2026 on May 21, where it will detail its strategic and commercial orientations. The management is expected to discuss margin trajectories, expansion in China (following the announced strengthening of the partnership with Dongfeng worth one billion euros on Friday), and the product roadmap. In terms of valuation, the stock is trading at about 7.1 times the expected earnings for the current fiscal year and 4.0 times those of the next fiscal year, compared to a sector average for Consumer Discretionary at 14.3 times. The consensus estimates a 78.6% growth in earnings per share from one fiscal year to the next. Regarding indicators, the price is below the MM20 (€6.70) with a gap of 5.22%, and from its MM200 (€7.96) by more than 20%. The RSI at 48 remains neutral. The support at €6.13, close to the current price, will be the level to watch until the May 21 publication. The next official appointment after Investor Day is the publication of the second quarter 2026 results on July 30.