LVMH Stock Skyrockets: Chinese Luxury Boom Sparks 12% Rally
Price Movements and Technical Snapshot On Oct. 15 the LVMH share price (MC.PA) surged to about €600 – roughly 12% above the prior close reuters.com. Over the prior week the stock had drifted down to around €533 (Oct. 14 close) before rebounding on the earnings news. For context, LVMH’s 52-week range was roughly €437–€763 investing.com, so the current price is in the upper half of that range. Trading volume spiked with the gap higher, indicating strong investor interest. Many technical analysts would note that the breakout above €580/€590 levels clears key resistance, potentially opening more upside. Q3 Earnings and Business