Thales Shares Drop Nearly 2% Amidst a CAC 40 Weighed Down by Iran

A Measured Retreat in a CAC 40 Burdened by Washington-Tehran Escalation

Thales shares fall by 1.94% to €233.00, while the CAC 40 drops 2.02% to 8,266.14 points. The entire Parisian market suffers from the resurgence of tensions in the Middle East, with American strikes claimed against Iran and an announced Iranian retaliation on military installations in Kuwait and Bahrain. The VIX jumps nearly 11% to 17.90, indicating a marked return of volatility.

The stock, however, limits the damage compared to the steepest declines of the day (Société Générale, EssilorLuxottica, Stellantis, all down more than 4%). Over the week, the stock maintains a gain of 3.65%, driven by several rebound sessions after the late June low. Over a month, the performance is almost stable, barely positive.

The Stock Revisits Its 20-Day Moving Average After a Rebound Supported by the Exail Case

Today's decline brings the price close to its 20-day moving average at €231.73, just above it. The 50-day (€234.86) and 200-day (€244.94) moving averages remain above the price, with a gap of 4.87% for the latter, indicating that the medium-term trend has not yet stabilized. The RSI at 43 remains neutral. The session comes a few days after CIC Market Solutions published a revised price target of €305, accompanied by a buy rating, which is about a 31% gap from the current price.

The fundamental context remains supportive: the group signed a binding agreement on July 6 to acquire 35.51% of Exail Technologies, with a view to a mandatory takeover bid at €134 per share. On July 3, the company detailed the consequences of the discontinuation of the F126 program, with an exceptional charge of €450 million in the first half but an increase in several 2026 targets. The next technical reference point is at the resistance of €239.60, breached at the beginning of the week and then lost again with today's decline.