Danone Shares Bounce to €62.22 on Support, Yet Down -14% Over 3 Months
The stock of the agribusiness giant increased by 1.27% to €62.22 on Thursday afternoon in a rising Paris market. The rebound follows a significant decline that brought the price down to the support level of €61.44. However, the technical setup remains weakened in the medium term.
A Technical Rebound at the Support Level of €61.44 in a CAC 40 Up by 0.8%
Danone's stock rose by 1.27% to €62.22 in mid-afternoon trading, within a CAC 40 that advanced by 0.8% to 8,071.65 points. The stock ranks among the top gainers of the index, while Stellantis, STMicroelectronics, and LVMH lead the session.
The rebound was triggered at the support of €61.44, which also corresponds to the lower boundary of the Bollinger Bands at €61.20. The RSI at 30 indicates seller exhaustion after the decline of the past weeks. However, the price remains significantly below the MM200 (€72.69), with a gap of 14.40%, confirming the underlying pressure. Today's rise mitigates (but does not erase) the weekly decline of 4.16%.
Stock Market Dynamics Remain Fragile After April's Disappointment and Infant Milk Recall
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Today's movement is part of a bearish sequence that began at the end of April. The stock had erased its post-earnings gains and lost nearly 14% over three months. The annual performance shows a decline of 12.76%.
As a reminder, the group had published on April 22 a quarterly revenue of 6,708 million euros, with an organic growth of 2.7%, despite the recall of infant milks and an unfavorable exchange rate effect of 5.6%. The market initially welcomed the publication before the stock fell. Institutional capitalization remains high, with 55.8% of the capital held by funds, including Artisan Partners, Vanguard, and Dodge & Cox. The next key event is the publication of the first half 2026 results, scheduled for July 29.
SectorAgroalimentaire · Grande consommation›Produits alimentaires
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Context
Period
Period: 1T2026
Key reported figures
Revenue: 6708M€
Guidance from the release
La performance du premier trimestre confirme, une nouvelle fois, la résilience, la solidité et la pertinence de notre portefeuille axé sur la santé.
Chiffre d'affaires en baisse de -2,0% en données publiées, mais croissance solide de +2,7% en données comparables.
Risks mentioned
Impact des rappels de laits infantiles en Europe sur la Nutrition Spécialisée.
Conflit au Moyen-Orient influençant la performance en EMEA.
Dépréciation de plusieurs devises par rapport à l'euro.
Opportunities identified
Acquisition de Huel renforçant notre présence dans la nutrition fonctionnelle.
Création d'une joint-venture avec Arcor ouvrant des opportunités dans les produits laitiers.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
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.
