Sirius Media Stock Soars Nearly 20% Following Debt Restructuring
The audiovisual group's stock marked a significant rise at close, extending an upward trend that began last week. The move comes after the announcement of a major restructuring of the group’s bond debt.
A Surge of Nearly 20% in Session Following Debt Relief
Sirius Media stock climbed 19.78% to €1.09 at close, after finishing the previous day at €0.91. The movement extends a spectacular rebound of more than 126% over the week, fueled by the restructuring of a €5.8 million bond loan approved on June 8 by 93.61% of holders. The operation cancels €2 million in past interest and reduces the rate from 14% to approximately 4.25%, cutting the annual debt burden by threefold. Despite this, the market context remains unfavorable, with the CAC 40 down 0.51% at 8,161.83 points and the VIX jumping nearly 16% to 21.9. The stock's rise thus appears disconnected from the general trend, driven by its own news.
An RSI of 12 Reflects the Intensity of the Movement After a Long Downturn
The session illustrates the extreme nervousness of the situation. The 12-day RSI remains in a deep oversold zone despite the day's surge, indicating a stock still recovering from a sharp drop as seen in the deviation from moving averages. The price is significantly below its MM200 (€2,161.95) and MM20 (€569.47), indicating a share consolidation and historical discount. Over one year, the stock is still down 52%, even though it has regained 20% over three months. On the fundamentals side, the annual accounts for 2025 published on May 20 showed a net loss of €99.1 million, reflecting the cost of restructuring. The next identified event is the strategic webinar on June 17, during which Chairman Paul Amsellem will detail the new development phase of the group.
