Rémy Cointreau stock among the strongest gains on the SBF 120 on the eve of dividend payment
The stock of the premium cognac and spirits producer is gaining momentum on Wednesday, bucking the trend of a stalled SBF 120. The rebound propels it above its 20-day moving average and comes alongside a dividend payment scheduled for tomorrow.
A 3% rebound that places the stock above its 20-day MA in a sluggish SBF 120
Rémy Cointreau gains 3.12% during the session at €44.24, while the SBF 120 loses 0.08% and the CAC 40 falls 0.1%. This movement places the stock among the strongest gainers on the SBF 120. The price rises above the 20-day MA at €43.18, with a gap of 2.45%, which breaks with the bearish momentum of recent weeks illustrated by a decline of 3.58% over one month. By contrast, the 50-day MA at €45.16 remains above the current price (gap of -2.04%), constituting the next resistance zone to overcome.
The RSI at 44 reflects a neutral configuration, with no overbought signal. The support at €41.72 benefits from a cushion of approximately 5.5%, while resistance at €47 remains at a distance. The rebound on September 22 had already initiated this recovery movement, but the stock had fallen back below its 20-day MA in the following days. Pernod Ricard, a comparable value in the spirits sector, also gains 1.50% during the session.
A dividend paid tomorrow and bearish positions still present in the capital
The financial calendar draws attention: the dividend payment is scheduled for October 1, 2026. Rémy Cointreau had offered a stock payment option, and 76.8% of rights were exercised in favor of shares at €39.21, with the option period closing on September 14. Additionally, four funds hold 4.46% of the capital in net short positions, according to reported declarations (latest declaration dated September 22).
This exposure has slightly declined over one month (-0.30 percentage point, compared to 4.76% thirty days ago), although this movement does not reflect a significant disengagement. A level above 4% of capital sold short signals that institutional investors are maintaining a bearish bet on the stock: this point deserves to be monitored over time, especially as the sector context remains difficult for cognac exporters, with shipments down nearly 11% in value over the entire 2024 according to sector data. The resistance at €45.16 (50-day MA) represents the next technical level to watch to validate the continuation of the rebound.
