Vivendi Shares Climb 2.13% to €2.208, Outperforming a Declining CAC 40
Vivendi SE's stock rises by 2.13% to €2.208 at midday, among the highest gains in the SBF 120. This movement contrasts with a heavily shaken Parisian market, with the CAC 40 down 1.37% and the SBF 120 losing 1.35% during the session. The stock continues the momentum started last week, bringing its seven-day gain to 6.67%.
Vivendi Moves Against the Current in a Market Weighed Down by Brent and Geopolitics
While the Paris stock market declines, the media holding company's stock ranks high on the board. Cyclical stocks and those exposed to global trade are paying for the recent surge in the oil barrel, with Brent crossing $109, up 2.36% over 24 hours.
The Trump-Xi summit in Beijing, described as constructive by both delegations, has not been enough to reassure. The Chinese promise to purchase 200 Boeing aircraft falls short of the 300 expected by some operators, and no formal mechanism has been detailed concerning the Strait of Hormuz issue. In this climate, the media holding, with little exposure to international flows of raw materials, plays its role as a defensive stock. Thus, the stock benefits from a pullback in cyclical stocks, without having a specific catalyst identified in today's news flow.
The Stock Moves Above Its Short-Term Moving Averages, Targeting Resistance at €2.26
In terms of configurations, the rebound confirms a breakout from the €2 zone. The price is now 4.15% above the MM20 (€2.12) and 10.4% above the MM50 (€2.00), a gap that reflects the magnitude of the recovery since dropping below €2 at the end of April, as illustrated by the April 30 session. The MM200 at €2.55 remains out of reach in the short term, 13.4% above the current price, reflecting the downward journey over the year (-20.8%).
The RSI at 58 moves out of the neutral zone without indicating tension. The price is in the upper part of the Bollinger Bands, at 77% of the range, near the identified resistance at €2.26. Breaking this threshold would pave the way for a return to the €2.30 zone. Based on consensus, the stock is trading at about 29.2 times the earnings expected for the current fiscal year, compared to 14.5 times on average for the Consumer Discretionary sector, a multiple that incorporates an expected earnings per share growth of 53.8% from one year to the next.
