Kering Share

Kering (PRTP.PA) is a French-based multinational corporation specializing in luxury goods. With a current market cap of €53.20 billion as of September 26, 2023, it is one of the largest luxury goods conglomerates globally. The company designs, manufactures, and markets products including handbags, shoes, apparel, and accessories through its portfolio of renowned brands such as Gucci, Saint Laurent, Balenciaga, and Bottega Veneta. It was founded in 1963 by François Pinault and initially focused on timber trading.

Over the years, it expanded into different industries and eventually shifted its focus to the luxury sector. It went public in 1988 and has since grown to become a prominent player in the luxury goods market. The company continues to innovate and redefine luxury, striving to deliver unique and authentic experiences to its customers.

Over the past 5 years, Kering stock has had its fair share of ups and downs, with the lowest stock price occurring in March 2020 due to the Covid19 pandemic, at €348.55, and the highest stock price occurring in August 2021, at €798.00.

Traders may consider using various trading strategies when trading the stock. For example, traders who prefer shorter-term trades may consider day trading or scalping trading, while those who prefer longer-term trades may consider swing trading or position trading. It's essential to choose a trading style that aligns with one's goals and risk tolerance. Additionally, traders may benefit from using tools and indicators to analyse the stock. Tools like the average true range could help traders determine the stock's volatility and potential price movement, while indicators like the inverted hammer could help traders identify possible trends reversal. Others include MACD, Bollinger Bands, RSI, moving averages, etc.

Before diving into trading stocks, it's important to consider the industry's competitors. Kering's competitors include but not limited to:

• LVMH (LVMH.PA) is a France-based luxury group and world leader in high-quality products. With its roots dating back to 1987, LVMH operates in six sectors, including Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics. The company is known for prestigious brands such as Louis Vuitton, Moët & Chandon, and Christian Dior. LVMH shares are listed on the Euronext Paris stock exchange.
• Hermes (HRMS.PA) is a renowned French luxury goods manufacturer established in 1837. Specializing in leather goods, lifestyle accessories, and ready-to-wear fashion, Hermes has become synonymous with elegance and craftsmanship. The company is known for iconic products like the Hermes Birkin bag and silk scarves.