Vivendi's Stock Plummets by 11.5%, Marking the Worst Drop in the SBF 120
Vivendi's stock experiences a sharp decline in the Paris market, heavily shaken by geopolitical tensions. The share, controlled by the Bolloré family, erases its recent rebound attempts in a single session and hits the bottom of the extended index ranking.
A Plunge That Sends Vivendi to the Bottom of the SBF 120 and Breaks the €2.11 Support
Vivendi's stock plunges by 11.46% to €1.946 at midday, down from €2.198 the previous day. The stock is the worst performer in the SBF 120, significantly ahead of other declines in the session (Société Générale at -5.67%, Air France-KLM at -5.02%). The movement is part of a significantly deteriorated market environment, with the CAC 40 down 2.24% and the VIX up more than 20% at 18.7, amid escalating tensions between Washington and Tehran. The session saw the €2.11 support breached in the morning, with the price remaining below this level at midday.
The decline today contributes to a nearly 10% weekly drop for the stock and a 31.6% loss over the year. The drop comes a day after a 3.5% decline already recorded the previous day, documented in Tuesday's brief. This sequence completely erases the jump of more than 4% on July 6 and brings the stock back to a level not seen since last spring.
A Price Sinking Below Its Three Moving Averages, Nearly 20% from the MM200
The plunge exacerbates an already significant technical gap. The price is now 12.3% below the 20-day moving average (€2.22) and 10.7% below the MM50 (€2.18), after successively breaching these two benchmarks in recent weeks. The most significant gap remains with the MM200 at €2.42, which is 19.6% above the current price: a long-term trend marker that the stock has not reached for several months.
The RSI at 46 remains in a neutral zone, indicating that the bearish mechanics have not yet shifted into a marked oversold configuration despite the magnitude of the movement. In the background, the legal case remains active: the group announced in mid-June its intention to appeal to the Court of Justice of the European Union following an unfavorable ruling from the EU Tribunal in the Lagardère case. The next point to watch for the stock: the behavior of the price around the breached €2.11 support, now transformed into immediate resistance.
