Ubisoft Stock Climbs Nearly 3% Defying a Declining CAC 40
The French video game publisher stands out in mid-morning trading, moving against the trend of a declining CAC 40. The stock takes a leading position in the broader index, while the bearish bet by funds remains a fundamental point on the stock.
A Rebound That Places the Stock Among the Top Gainers of the SBF 120
Ubisoft Entertain's stock gains 2.79% reaching €5.89, ranking among the top gainers of the SBF 120, while the index itself falls by 0.42% at the same time. This movement occurs in a fragile Parisian context, weighed down by Brent crude rising above $86 and the Fed's tougher stance on inflation. The stock benefits from a fundamental upward trend, with a gain of nearly 20% over one month and 27.7% over three months, although the annual performance remains poor at -37%. The bearish bet by the funds remains massive despite the price recovery.
According to reviewed statements, the cumulative net short position reaches 13.06% of the capital, carried by twelve funds, almost stable over thirty days (+0.04 point). This particularly high level signals a lasting skepticism by several managers about the group's trajectory, yet it has not intensified as the stock price recovered. The current sequence remains to be monitored: a prolonged rebound could gradually force some of these positions to unwind.
The Stock Approaches its MM200 Before the July 22nd Earnings Release
In terms of indicators, the stock is significantly above its MM20 (€5.15, a +14.4% gap) and MM50 (€5.06, a +16.4% gap), indicating a firmly upward short-term slope. However, it just falls short of its MM200 at €5.93, with a gap of -0.64%, a threshold that had already hindered the movement in early July during the previous test of this level. The RSI at 57 remains neutral and theoretically leaves room before reaching an overbought tension zone.
The next significant event is imminent: the group will publish its first-quarter revenue on July 22. During the annual results for 2025/2026 unveiled on May 20, 2026, the company highlighted the reduction of its net debt from €885 million to €187.3 million, and anticipated a strengthened content pipeline for the fiscal years 2027-28 and 2028-29. The stock's ability to surpass its MM200 in the coming days will be evaluated in light of the quarterly publication content.
