ArcelorMittal Drops 3.44% After a 124% Rally Over a Year
The Luxembourg-based steelmaker undergoes a significant correction this Friday morning, marking one of the steepest declines in the CAC 40. The movement follows weeks of sharp increases, driven by financial and strategic operations. The technical pullback occurs after an analyst's target upgrade the previous day.
The Stock Falls 3.44% to €60 After a Rally of Over 124% Over a Year
ArcelorMittal's stock falls by 3.44% to €60.00 mid-morning, down from €62.14 the previous day, while the CAC 40 index is up by 0.15% at 8,256.89 points. The stock is among the largest declines in the Parisian index, just ahead of STMicroelectronics.
The session interrupts a strong momentum, with a gain of 26.08% over a month and more than 124% over a year. The consolidation occurs just as the stock had reached a new five-year high last week, as reported during the session on May 27. The decline follows a logical profit-taking after several corporate catalysts, including the sale of 10% of Vallourec's capital at €24 per share in mid-May, and the completion of a billion-dollar bond placement at 5.375% on May 13.
RSI at 74 Indicates Buying Pressure, While the Stock Remains Below the €62.14 Resistance
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The stock price is significantly above its moving averages, with a gap of 6.65% over the MM20 (€56.26) and 15.10% over the MM50 (€52.13); the stock had just encountered resistance at €62.14, which precisely matches the previous day's price. Today's decline leaves the stock below this threshold, at €60.00. Kepler Cheuvreux raised its price target from €60 to €73 on Thursday, suggesting a theoretical potential of about 21.7% relative to the current price. The session continues to be influenced by the technical threshold of €62.14, now the upper reference for the stock.
Nous restons confiants dans les perspectives d'ArcelorMittal pour le reste de l'année.
Résultats du 1er trimestre démontrant une résilience avec des marges améliorées.
Risks mentioned
Les taux de change et autres charges financières nettes s'élevaient à 80 M$ au 1T 2026.
La dépense d'impôts sur le revenu pour le 1T 2026 était de 136 M$.
L'augmentation de la dette nette à 9,3 milliards $ pourrait affecter la perception des investisseurs.
Pressions sur le coût des matières premières en raison de l'inflation.
Opportunities identified
L'augmentation de la production d'acier brut à 13,3 Mt en 1T 2026.
Le programme d'investissement stratégique en cours offre un potentiel de croissance.
Le redémarrage des hauts-fourneaux inactifs à Fos et Dabrowa a été préparé.
Les investissements dans de nouveaux fours à arc électrique augurent de meilleures performances.
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Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
