LVMH shares fall among the biggest decliners on the CAC 40, down 15.5% over three months
The luxury giant falls sharply this morning, in a Paris market driven lower by the drop in US technology stocks. The move erases part of the rebound seen in recent sessions and leaves the stock well below its levels of a year ago. Its two major sector peers are also declining.
A 2.99% decline that wipes out part of the 5.8% weekly rebound
The stock is at €406.15, down 2.99% from the previous close (€418.65). LVMH ranks third among the biggest decliners on the CAC 40, which is losing 1.43% intraday.
Today's decline follows a clearly positive week (+5.81%), so it gives back a large part of those gains.
On the moving averages, the price remains above the MA20 (a gap of +3.41%) and the MA50 (+1.28%), but is 12.68% below the MA200. The resistance level at €418.65, Thursday's close, is a level the stock was unable to hold.
Kering falls in a market weighed down by tech, while Hermès gains 5.46% over one month
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The other two major luxury stocks are following the move: Kering is down 3.11% and Hermès 2.52%. Kering shows a decline of 13.49% over one month and 36.26% over three months, while Hermès is up 5.46% over one month.
The Paris session takes place in a context of strong tension: the VIX jumps to 26.39 after the Wall Street sell-off, where the S&P 500 lost 4.36% and the Nasdaq 5.52% on Thursday.
At the stock level, LVMH remains 33.72% below its level of a year ago, with a 15.33% decline over three months. When it published its first nine months' results, the group had mentioned a slowdown in demand in China for fashion and leather goods, among the risks cited on October 12, 2026.
LVMH will draw on its powerful brands and the talent of its teams to reinforce its global leadership position in luxury goods once again in 2026
Risks mentioned
Uncertain geopolitical and economic environment affecting global business activity
Slowdown in demand in China impacting Fashion & Leather Goods segment
Market sensitivity to exchange rate fluctuations (negative 3% impact in 9M 2026)
Opportunities identified
Continued growth in Watches & Jewelry with 8% organic growth driven by strong jewelry performance
Strong performance of Sephora in Selective Retailing with market share gains and network expansion
Recovery in Wines & Spirits champagne business and good momentum in Asia for Hennessy cognac
Outlook / guidance
Management commentary: LVMH will draw on its powerful brands and the talent of its teams to reinforce its global leadership position in luxury goods once again in 2026. Despite an economic and geopolitical environment that remains uncertain, the Group remains confident and will maintain a strategy focused on continuously enhancing the desirability of its brands.
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.
