Viridien Shares Drop Over 6% and Break Key Support at €109.60
The geoscience specialist faces a heavy penalty at close and is among the sharpest declines in the SBF 120. The fall echoes the significant lowering of the price target by a major broker, with the stock now giving back a significant portion of its gains accumulated over several months.
Bernstein Lowers Target from €163 to €130, Accelerating the Stock's Decline
Viridien has fallen to €102.70, down 6.3% for the session. Bernstein has lowered its price target from €163 to €130 while maintaining its outperform rating, according to the recommendations published today. The new target still leaves a theoretical potential of around 27% compared to today's price. This movement places the stock among the largest declines in the SBF 120, in a broad index that only lost 0.19%. The weekly loss reaches nearly 14.4%, bringing the quarterly performance to -19.3%.
Support at €109.60 Broken and Short Positions Increased Over the Month
The break of the support at €109.60 brings the price closer to its 200-day moving average, which is at €104.46, or 1.7% above the current level. The RSI at 36 indicates the selling pressure accumulated over the week, without yet tipping into clear overselling. The stock is significantly distancing itself from its MM20 (€115.04) and MM50 (€125.84), confirming the break of the bullish dynamic that dominated since the beginning of the year. Over twelve months, the progression still remains above 86%. According to statements reviewed, five funds accumulate 3.75% of the capital sold short, compared to 2.36% a month ago (+1.39 point). This rapid increase signals a rise in bearish pressure from institutional investors, to be followed as a sentiment indicator without drawing isolated conclusions.
