Kering Shares Hit New Annual Low at 251.8 Euros
On Friday morning, Kering shares crossed a symbolic threshold by setting a new annual low at 251.8 euros, down 2.97% from Thursday's close at 259.5 euros. This decline occurs just days before the publication of the 2025 annual results, scheduled for February 10, amidst ongoing tension in the luxury goods sector.
Deteriorating Market Position
The drop of the share price below the 260 euros mark signifies a deteriorating trend that has been setting in for several weeks. The luxury group now significantly trails its 50-day moving average, positioned at 292.15 euros, representing a gap of over 13%. The Relative Strength Index (RSI) stands at 29, indicating a pronounced oversold zone that reflects the selling pressure on the stock. Over a longer period, the decline is significant with a drop of 16.86% over three months. However, on an annual basis, the stock remains generally stable. The share price is above its 200-day moving average, set at 247.84 euros, providing a slim cushion. The one-month volatility is at 9.42%, reflecting investor anxiety while waiting for visibility on operational performance.
Anticipation of Annual Results
The upcoming publication of the 2025 annual results, scheduled for February 10, partly explains the market's nervousness. Investors remain cautious regarding the outlook for a group facing structural challenges in the luxury sector, including the slowdown in Chinese demand and geopolitical tensions impacting international consumption. The general assembly will be held on May 28. This new low also highlights the fragility of the stock's position in an unpropitious sectoral environment. The absence of recent analyst recommendations leaves the market without an immediate bullish catalyst. Operators will closely monitor the details provided during the account presentation, which will need to clarify the group's recovery trajectory and its ability to restore shareholder confidence in an uncertain economic context.
