Teleperformance Shares Defy CAC 40 Downturn, Gaining 10% in a Week
Teleperformance leads the SBF 120 this Friday midday in a Parisian market heavily oriented downwards. The stock is up 2.43% at €68.16, while the broader index is down 1.33% and the CAC 40 retreats by 1.34%. This movement brings the weekly performance to over 10%.
Teleperformance Tops SBF 120 in a Pressured Parisian Market
Going against a session weighed down by Brent crude soaring above $109 and a decline in cyclical stocks, Teleperformance takes the lead in the broader index. Soitec, Eramet, and SES are at the bottom of the SBF 120 with declines ranging between 5% and 6.7%. The stock continues its rebound observed since mid-April, with a gain of 31.18% over three months, although the performance remains nearly 30% negative over the year. According to reviewed statements, the cumulative net short positions reach 11.51% of the capital, declared by 10 funds. The level remains high but has decreased by 1.44 points over 30 days. Marshall Wace, Point72, and Citadel are among the main short sellers. Based on the expected earnings per share, the stock is trading at about 5.1 times the earnings for the current fiscal year, compared to an average of 17.9 times for the Industrials sector.
A Rebound Bringing RSI to 69 and Pushing the Price to the Upper Bollinger Band
The price is currently 14.73% above its 20-day moving average (€59.41) and 25.23% above its 50-day moving average (€54.43). The price is 13.87% above its 200-day moving average (€59.86), which it crossed upwards for the first time on May 5 at €61.40, before being briefly retested downwards on May 7. Today's session confirms a solid return above this level. The stock is approaching the upper Bollinger band at €69.39 (94% of the band) and the RSI at 69 is nearing the overbought zone. The resistance identified at €68.46 is being tested during the session. The dividend will be detached on May 26 and paid on May 28, following the general meeting on May 21. Next financial update: the 2026 half-year results expected on July 30.