49% loss over the quarter: SES stock falls another 3% and enters oversold territory
The Luxembourg-based satellite operator extends a decline that has lasted since spring. Today's decline occurs in a lower-oriented Paris market, and comes just before the dividend ex-date.
A support level of €4.09 breached, with RSI falling to 27
Mid-session, SES stock falls 3.18% to €3.96 and drops below its €4.09 support level. The session is sluggish around it: the CAC 40 declines 0.75% and the SBF 120 by 0.81%. The stock ranks near the bottom of the latter index, in the group of the largest drops.
The RSI at 27 illustrates the extent of the slide. The price is 12.28% below its 20-day average and 38.76% below its 200-day average. The sequence is heavy: -8.47% over one week and -49.05% over three months.
Bond buyback and dividend: the group's financial milestones
On the debt side, SES published on October 5 the results of its cash tender offer on the 2027 bond, accepted for €363.4 million at 97.33% of par value. The group accepted all tendered securities in full, without pro-rata reduction. The financial calendar then sets the dividend ex-date for October 14, with payment on October 15.
According to the shareholder return commitment announced in September, the group targeted a dividend of at least €0.50 per Class A share for 2026. The October 14 ex-date will mechanically reduce the share price accordingly, without this reflecting a market movement.
