Among the strongest gains in the SBF 120: Rémy Cointreau shares gain 4%
The cognac producer is bucking a hesitant Paris market mid-morning. The movement reflects a SBF 120 slightly tilted downward, and the security joins the top of the index standings.
A rebound that places the security at the top of the SBF 120
During the session, the Rémy Cointreau share gains 4% to €43.12, while the SBF 120 declines 0.33%. This increase ranks it among the strongest gainers in the index. Pernod Ricard, another player in the spirits sector, advances 1.99%.
The security rebounds above its 20-day moving average (€42.65) and its 200-day moving average (€41.80), but remains 3.88% below its 50-day MA at €44.86. The RSI at 38 indicates that the security is emerging from a weakness phase. The dividend was paid in early October, following the share payment option retained by 76.8% of rights.
Hybrid bonds and short selling: fund positioning and overview
The group placed €250 million in hybrid bonds at 6.75% on October 1st, a first issuance of this type intended to support its debt reduction. This rebound occurs as the share declines 2.62% over one month and 10.65% over one year. On the positioning side, five funds cumulatively hold 4.87% of capital sold short according to available disclosures, a high level, slightly up 0.12 points over thirty days.
This bearish bet has therefore barely evolved over one month, but it represents a significant share of the capital. Support at €41.14 and resistance at €47 define the technical levels of the security.
