Amundi's Stock Soars Nearly 4% and Hits a New High
The asset manager marks one of the best sessions on the Paris stock exchange in a well-oriented European market. The stock breaks through a closely watched technical threshold and reaches new highs as European indices make significant gains.
The Stock Breaks the €87 Resistance and Reaches New Highs
Amundi's stock climbs 3.76% to €87.00 during the session, up from €83.85 at the previous close. The stock broke its €87 resistance earlier in the day and remains above it, last trading at €87.15. This movement brings the three-month gain to 11.8% and nearly 25% over one year. The rise is part of a CAC 40 that is up by 0.44% and an SBF 120 that gains 0.54%, where the asset manager is among the most sought-after stocks of the session. The technical setup confirms the momentum: the price is moving above its 20-day moving average (MM20) of €83.44 and 50-day moving average (MM50) of €83.45 by approximately 4.3%, while the 200-day moving average (MM200) at €74.50 is nearly 17% away. The RSI at 60 remains in a progression zone without yet signaling overheating. The next psychological level is at the round threshold of €90, with no previous technical reference above the current price.
An Aggressive Asian Strategy Underpins the Stock's Trajectory
The session extends a fundamental trajectory that is favorable for the asset manager. On June 25, the company presented its Asian roadmap, targeting €150 billion in net inflows from 2025 to 2028 in the region, which it refers to as its second domestic market. Earlier in the year, the first quarter results highlighted a record inflow of €32 billion and a net profit increase of 15%. The macro context also favors risk assets: the June U.S. employment report, released today, shows 57,000 new jobs versus a consensus of around 110,000, fueling expectations of a more patient Federal Reserve. European markets are benefiting, with the DAX up by 0.76% and the Dow Jones gaining 1.14%. Amundi's stock is now in a high zone, with the €90 threshold as the next marker above the current price.
