Safran stock breaks through 310.80 € support ahead of third quarter results
The aerospace and defense engine manufacturer is declining sharply in trading, with the CAC 40 index also moving downward. The stock has broken through a technical threshold it had been defending for several weeks and is trading below its three moving averages.
A support level broken in trading, below the three moving averages
The stock is down 1.46% at 310.70 €, compared to an index losing 0.65%. It has broken through its 310.80 € support level during the session and remains below it (latest price at 310.40 €). It is now trading below its MA20 by 4.4%, and below its MA200 by 2.25%, leaving few nearby technical reference points.
Safran ranks among the biggest decliners in the CAC 40, while Sanofi leads the index. Over the period, the decline reaches 3.8% in one month.
A third quarter expected Friday, October 23, following a contract signed in Istanbul
Safran will publish its third quarter revenue on Friday, October 23, 2026. The announcement follows the preliminary agreement between CFM and Turkish Airlines, concluded on October 16, covering more than 300 LEAP-1B engines and services for more than 600 engines. On the industrial side, the group is also involved in the tenth flight of Ariane 6, scheduled for November 23 with 36 Amazon Leo satellites.
The group is also executing a €375 million share buyback program, announced on September 18 and approximately 89% executed to date. Executives will release their quarterly figures in three days.
