Valneva Shares Surge 11.83% to €2.68, Marking the Strongest Rebound in the SBF 120

A Technical Rebound After a Dark Quarter

Valneva leaps by 11.83% to €2.68, leading the SBF 120 at midday, ahead of Nanobiotix (+10.46%) and Teleperformance (+5.13%). The stock has gained 16.09% over the week but still shows a decline of 35.6% over three months. This session partially reverses the sharp drop observed at the end of April and beginning of May, following the completion of an €84 million capital raise on April 30, which had weighed on the stock price. Today's rebound occurs without any specific news from the group during the session. This movement goes against the trend of the CAC 40, which is down 0.96% at 8,034.88 points, and the SBF 120, which has fallen by 0.85%. It is worth recalling that the stock also suffered from a downgrade by Goldman Sachs to 'sell' on April 22, adding to an already heavy bearish sequence.

Exiting the Low Zone, Resistance at €2.85

The stock price has moved back above the MM20 at €2.46 (a +9.11% gap), but remains far from the MM50 at €3.32 and the MM200 at €3.87. Thus, the medium-term trend is still bearish, despite today's surge. The RSI at 36 has exited the oversold zone where it had been for several sessions. With the intraday rise, the stock approaches the upper Bollinger Band at €2.74, which is 90% of the amplitude, and heads towards the technical resistance identified at €2.85. Breaking through this threshold would open the way towards the MM50. On the calendar side, the laboratory will participate in the Bernstein European Small & Mid-Cap Conference on May 21, before two general meetings scheduled for June 1 and June 25. The first quarter 2026 results, initially expected on May 13, were already covered on May 5. The next identified stock market event is therefore the Bernstein conference on May 21.