SES Shares Drop Nearly 4% and Dip Below 20-Day Moving Average
The Luxembourg satellite operator continues its correction at close, after a euphoric spring that propelled it to a multi-year peak. The decline intensifies in a slightly downward-oriented Parisian market, weakening an initial short-term technical benchmark.
A Drop of Nearly 4% Erases Part of the Recent Rally
SES shares fell by 3.79% to €8.24 at close, down from €8.565 the previous day. The stock marks one of the sharpest declines in the SBF 120, as the broader index dropped 0.32%. The session extends the correction movement that began earlier in the week, noticeable since June 2. Over the week, the decline reaches 16.64%. However, the monthly performance remains positive at 11.73%, and the three-month gain is 31.84%, illustrating the magnitude of the rally since spring.
The Stock Falls Below Its 20-Day MA but Maintains a Wide Cushion Over Its Longer Averages
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Today's drop brings the price below the 20-day moving average, which stands at €8.49, with a gap of 2.94%. This is the first short-term technical benchmark to give way since the surge in May. The RSI at 55 remains neutral, indicating that the downward movement has not yet shifted into an oversold configuration. The longer moving averages maintain a comfortable distance from the current price: the 50-day MA (€7.35) and the 200-day MA (€6.40) remain well below the stock, reflecting the strength of the underlying trend. The support level identified at €6.66 in the data remains distant. Over one year, the stock still shows a gain of nearly 61%.
SectorTélécommunications›Équipements de Télécommunications
Context
Period
Period: 3T/9M 2025
Guidance from the release
I am pleased to report our solid 9 months 2025 results which include the first quarter for the combined company following the successful close of the Intelsat acquisition on 17 July 2025.
Croissance tirée par le segment Networks (Aviation, Government), intégration d'Intelsat en bonne voie, carnet de commandes brut de €7,1 billion, lancements O3b mPOWER 9 & 10 réussis et règlement d'assurance partiel d'environ $87 million.
Risks mentioned
Risque de ne pas atteindre les synergies attendues de l’acquisition d’Intelsat
Retards ou échecs de lancements ou problèmes opérationnels des satellites
Risques réglementaires et obtention d’approbations
Pressions concurrentielles et évolution technologique réduisant la demande
Opportunities identified
Positionnement multi-orbit renforcé pour capter la croissance longue durée
Expansion du business Aviation (plus de 3,000 tails; 200 nouveaux tails gagnés depuis clôture)
Augmentation de capacité et résilience avec les satellites O3b mPOWER supplémentaires
Carnet de commandes et renouvellements importants (nouveau business et renewals > €1,4 billion YTD)
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.
