Soitec Shares Drop Nearly 4% on the Eve of Annual Results
The Isère-based semiconductor substrate specialist experiences a halt this Tuesday. The stock, which had quadrupled in three months, suddenly changes pace as a major financial event approaches. The decline is part of a broader downturn in the Paris market.
Soitec Falls 3.89% in the Morning, Among the Sharpest Declines in the SBF 120
Soitec shares fell 3.89% to €169.45 in mid-morning trading, down from €176.30 at the previous day's close. The stock is among the sharpest declines in the SBF 120, which is down 1.01% during the session, while the CAC 40 drops 1.05% to 8,171.89 points. The decline comes after an extraordinary bullish sequence: +21.57% over a week, and a price that more than quadrupled over three months. Just last Friday, the stock had breached its €171 resistance in a nearly 5% move. Today, the price hovers just below this same zone at €177.35. The RSI at 69 indicates this fatigue, after having risen into marked overbought territory in early May. According to reviewed statements, three funds hold a combined net short position of 2.77% of the capital, down 0.5 points over thirty days. The bearish bet remains moderate and is gradually easing, indicating that short sellers have already conceded some ground on the recent bullish sequence, without suggesting an isolated sentiment reversal.
Annual Results to be Published Tomorrow, Following a Target Increase to €200 by Morgan Stanley
The financial calendar schedules the publication of the 2026 annual results on Wednesday, May 27, 2026, which is tomorrow. The event occurs as the stock price is significantly above its moving averages: MM20 at €147.85, MM50 at €99.73, MM200 at €50.45. The more than 15% gap between the price and the MM20 illustrates the magnitude of the movement initiated since February. On the analyst front, the recent momentum has been supported by a significant target increase: Morgan Stanley now targets €200, a goal unveiled on May 19. Based on the current price, this target still leaves a theoretical gap of about 18% to the upside. Analyst recommendations and their adjustments may evolve after the accounts are published. The €177.35 level remains the immediate resistance, while the MM20 at €147.85 is the first reference point in case of further decline. The publication of the annual accounts tomorrow morning will be the next factual milestone for the case.
