Rémy Cointreau Stock Under Pressure a Week Before Quarterly Results
The cognac group's stock erases its rebound from the previous day and is among the largest declines in the SBF 120 at midday. This movement comes a week before the publication of the fourth quarter 2025-2026 results, in a downward trending Parisian market.
The stock gives back previous day's gains and falls below its 20-day MA at €40.38
Rémy Cointreau's stock is down 2.15% at €40.04 mid-session, among the sharpest declines in the SBF 120 while the broader index is down by 0.26%. The stock thus erases the nearly 2% rebound achieved the previous day, and falls below its 20-day moving average set at €40.38. However, the price remains 2.51% above the 50-day MA (€39.06), indicating that the medium-term momentum is not broken, but it is trading 5.77% below the 200-day MA at €42.49, which marks the technical ceiling of recent months. The RSI at 55 remains neutral. The support zone at €38.80 marks the next reference threshold; the stock had rebounded on May 6 above €41.30 and is now approaching this support.
Short sellers still present ahead of June 4 publication
According to reviewed statements, five funds cumulate 5.47% of the capital sold short, a high level even though it has decreased from 6.22% a month ago (-0.75 point over thirty days). This partially alleviated bearish pressure reflects the persistence of a cautious positioning by institutional investors on the stock, without indicating a uniform movement of distrust. The sectoral context remains challenging: French exports of cognac have fallen by 10.9% in value for the 2024 fiscal year according to the FEVS, and the entire spirits sector has dropped by 6.5%. The group had, as a reminder, published at the end of April nearly stable annual sales at €935.3 million, but had warned of an expected organic decline in its current operating income in a range from 'low double-digits to mid-teens'. The next appointment is set for June 4 with the details of the fourth quarter 2025-2026.
