SES Shares Drop 4.77% to €7.48 Following a Four-Year High
A day after the celebration for SES. Following a four-year high of €8.19 on Tuesday, the Luxembourg-based satellite operator fell by 4.77% to €7.48 in early afternoon trading. The stock is currently at the bottom of the SBF 120 in a Parisian market that is also trending downward.
Profit-Taking After Previous Day's Surge
The profit-taking movement comes after a session of euphoria. On Tuesday, SES shares had gained 6.5% and marked the highest rise in the SBF 120, reaching €8.19 intraday before falling back to €7.95 at close. Today, the stock has dropped 4.77% to €7.48, placing it 120th in the broader Paris index, behind Exail Technologies (-2.67%) and Dassault Aviation (-2.04%). Despite this decline, the annual performance remains strong, nearly 60% over twelve months, with a quarterly gain of 13.4%. The rebound observed since mid-April, already documented during the crossing of €7.45 on May 4th, was fueled by the anticipation of the quarterly results published on Tuesday. Today's session marks a breather after this bullish run.
An RSI of 74 Indicates Rebound Exhaustion
The technical setup sheds light on the movement. The RSI, at 74, remains in the overbought zone, which may indicate a risk of exhaustion after several sessions of rapid gains. The price is still significantly above all its moving averages: +8.1% compared to the MM20 (€6.92), +14.7% compared to the MM50 (€6.52). The technical resistance identified at €7.77 had curbed Tuesday's progress, and today's decline brings the stock back into the upper part of the Bollinger Bands, at 78% of the range. On the schedule, the next key events for the satellite operator are distant: the half-year results for 2026 are expected on July 30, followed by the third-quarter business update on November 5. The €7.77 threshold, a former resistance, will now be the first technical reference for the sequence.
