The automotive supplier’s stock rose 2.32% to €10.06 at the opening on Wednesday, May 6, crossing back over the symbolic €10 threshold lost at the end of April. The CAC 40 is up 1.45% during the session, and the DAX has gained 1.28%. Over the year, the stock shows a +43.35% despite a largely negative quarter.
A Technical Rebound Still Below Moving Averages
Forvia gains some breathing room after several sessions under pressure. The stock crosses the €10 mark for the first time since the end of April, but remains below the 50-day moving average at €10.41 and significantly under the 200-day moving average at €11.67. The gap with the 200-day…
