LVMH Drops Following Quick Rally, RBC Still Sees Recovery for Luxury
LVMH Moët Hennessy Louis Vuitton SE shares traded lower in Paris early Wednesday, easing after their recent comeback that had pushed the stock close to €500. Investors took in a new Buy reiteration from RBC while also looking at the group’s projected 2026 losses. Shares listed on Euronext Paris were at €489.90, down 0.49%, according to MarketScreener. LVMH is still up 6.3% over the past five sessions but off about 24% since Jan. 1. LVMH didn’t issue a new operating update—just a shift in tone from the day before. The stock had finished Tuesday at €492.30, a 2.04% jump, after rising 0.71% Monday, 1.04% Friday, and 2.88% last Thursday. But by Wednesday morning, the five-day chart started to show LVMH giving back some ground.