(Finance) – Closes trading on a good rise EssilorLuxotticawhich took home a 1.50% gain at 192.7 euros on the Paris Stock Exchange, on rumors that Meta was interested. The stock actually gained up to 6%, but fell back towards the end along with the market.
Several press outlets are talking about the possible entry of Zuckerberg’s company into the capital of the leader in designer glasses and Zuckerberg’s desire to strengthen his position in fashion. According to the Wall Street Journal, Meta would be ready to enter the capital with a 5% share, while the Financial Times only talks about a multi-billion dollar investment by Zuckerberg’s company, which already has an active collaboration with the company founded by Del Vecchio for the smart glasses branded Ray-Ban.
EssilorLuxottica announced two new acquisitions a couple of days ago: Supreme and Heindelberg Engineering, the latter active in the eyewear technology sector.
The scenario on a weekly basis of the eyewear group detects a loosening of the curve with respect to the force expressed by the CAC40This decline could make the stock an object of sales by operators.
Analyzing the scenario of EssilorLuxottica an extension of the bearish phase is highlighted at the test of the support at 186.2 Euro. First resistance at 202.1. Expectations are for an extension of the negative line towards new lows at 179.6.