Teleperformance Shares Drop 1.98% to €74.44 After a 46% Surge Over Three Months
Teleperformance shares fall 1.98% to €74.44 at midday, bucking the trend of a rising SBF 120, which is up 0.56%. The stock is among the biggest losers in the broader index despite a more than 10% jump over the week. This session comes a day before the general meeting scheduled for May 21, 2026.
A Consolidation After a Rally Pushes RSI into Overheated Territory at 79
The decline follows a spectacular rise: +46.25% over three months and nearly 11% over the week. The price is at €74.44, just below the identified resistance at €75.64, which was not breached during the session. An RSI at 79 indicates an overheated technical setup, consistent with the cooling observed today. The gap with moving averages remains wide: the price is about 20% above the MM20 (€62.02) and nearly 34% above the MM50 (€55.48). The MACD remains positive (line at 5.39, signal at 4.18), reflecting the underlying bullish momentum. Net short positions total 11.49% of the capital, according to reviewed declarations, down 1.13 points over thirty days. Marshall Wace remains the leading declared short seller, at 2.60% of the capital.
Bond Refinancing, Tomorrow's AGM, and Target Upgrade by Goldman Sachs
On Monday, the group announced the launch of a bond refinancing operation aimed at optimizing its debt structure, with the issuance of new bonds and a partial tender offer for existing lines. The announcement had driven the stock up by +5.5% that day. From the analysts' side, Goldman Sachs raised its target on May 18 from €60 to €67 while maintaining a neutral rating. At €74.44, the price remains slightly above this new target. The 2026 general meeting is scheduled for tomorrow, Thursday, May 21. The dividend detachment is planned for May 26, and payment on May 28. The next financial milestone will be the publication of the half-year results on July 30, 2026.
