Vivendi's Stock Rebounds by 1.5% and Moves Above its 50-Day Moving Average

The Stock Moves Above its 50-Day Moving Average but Remains Constrained Below the 200-Day Moving Average

Vivendi's stock gains 1.49% to €2.17 during the session, compared to a last close of €2.14. The stock moves above its 50-day moving average (€2.16), with a gap of +0.65%, indicating an improvement in short-term dynamics. However, the configuration remains constrained by the 200-day moving average, at €2.45, which is more than 11% above the current price: the stock has not yet bridged the medium-term gap, as evidenced by a performance of -25.95% over one year. The RSI at 45 remains neutral, without a marked directional signal, while the MACD remains slightly negative. In the short term, the support at €1.95 and resistance at €2.36 define the trading zone. Over three months, the stock has still progressed by 10.8%, indicating that the spring low has been partially absorbed.

The Bolloré-CIAM Litigation Continues to Fuel the Debate on the Spin-off

In the background, the legal case surrounding Vivendi's spin-off planned for late 2024 remains a factor stirring the stock. On June 11, the group announced its intention to appeal to the Court of Justice of the European Union after the EU Court's June 3 ruling rejecting its appeal against a European Commission information request in the Lagardère investigation. On another front, the production of an internal email from 2017 by the AMF titled 'De Facto Control of the Bolloré Group over Vivendi' in late May reignited the debate on a possible forced takeover, before the stock corrected sharply on June 4. On the stock market front, today's rebound is part of a buoyant Parisian market: the CAC 40 is up 0.9% at 8,425.82 points and the SBF 120 is progressing at the same pace. What to watch now: the stock's ability to consolidate above the 50-day moving average in the coming sessions.