EssilorLuxottica Shares Drop 2.5%, Among the Worst Performances in the CAC 40 Despite AI Glasses
The Franco-Italian optical giant deepens its decline in mid-morning trading, lagging behind the CAC 40 as the Paris index makes slight gains. The stock continues a downward trend that began last week, despite the joint launch with Meta of new smart glasses announced yesterday.
The Stock Breaks Its €168 Support and Slides Among the Worst Declines of the CAC 40
EssilorLuxottica falls 2.44% to €164.05, among the strongest declines in the CAC 40, while the Paris index rises by 0.18%. The stock breaks through its support at €168.15, which was the previous day's closing price, and hits a new low in this spring's downward trend. The drop accelerates over a short period: nearly 11% lost over a week and 15% over three months. The technical setup remains heavily bearish. The stock is trading 6.57% below its 20-day moving average (€175.58) and 8.94% below its 50-day MA (€180.16), while the 200-day MA caps very high at €243.88, nearly 50% above the current price. The RSI at 38 indicates selling pressure without yet signaling a clear oversold condition.
Yesterday’s Unveiling of the Meta Glasses Partnership Fails to Halt the Downward Spiral
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Meta and the Franco-Italian company announced on June 23 the joint launch of Meta Glasses, available in 26 styles expanding the Ray-Ban Meta range. The expansion of the collaboration with the American tech group has not reversed the trend, with the market remaining focused on the long-term decline of the stock, down nearly 32% over a year. The session context remains unfavorable for discretionary consumer stocks, in an environment marked by the more restrictive turn of major central banks and a rebound in the VIX (+11% to 19.21). In the short term, the €168.15 threshold becomes a resistance, while the next stabilization zone will be around the multi-year lows reached in May.
Avec ce troisième trimestre consécutif de croissance à deux chiffres...
Chiffre d'affaires en hausse de +10,8 % au T1 2026.
Risks mentioned
Environnement incertain qui pourrait affecter la dynamique.
Pressions dans le secteur de la santé visuelle.
Opportunities identified
Lancement réussi des nouveaux modèles optiques Ray-Ban Meta.
Expansion du réseau de distribution avec l'investissement en Thaïlande.
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