Dassault Aviation stock value dropped significantly by more than 10% throughout the last five trading days. The stock price of Dassault Aviation decreased by 7% during intraday trading on May 12 until it reached EUR 292 on the Euronext Paris exchange while it fluctuated between EUR 291 and EUR 295. The company’s stock price decreased despite its strong year-to-date performance and solid financial results.
The French aerospace giant experienced a major price increase during the first part of the year when its stock price rose 66.7% from EUR 195.90 on December 31 to EUR 325.8 on May 8. The company generated EUR 6.24 billion in annual sales while achieving EUR 924 million in net profit. The French Aerospace & Defence sector demonstrated positive industry trends through its 17.7% increase during the previous year.
The recent decline in Rafale maker Dassault stock prices appears to result from increased market instability according to analyst assessments. The technical analysis shows that the stock price has reached its swing low support zone at EUR 291–292. The stock price will likely move toward EUR 260 if it breaks through the EUR 291–292 support level. Investors should practice caution while maintaining defensive positions and implementing strict risk management protocols.
