Nexans Shares Hit a New Record at €160.70, Up 16% in a Week
The French cable manufacturer reaches a new all-time high during Monday's session, surpassing last Thursday's peak. The stock continues its momentum following the quarterly release on April 29. A busy spring schedule awaits, including the general assembly and dividend detachment.
A Peak at €160.70 After a Quarter of Organic Growth
Nexans shares reached €160.70 during the session, erasing the previous record of €160.60 set last Thursday. The price settled at €160.10, up 1.27% from the previous close. Over seven days, the stock has gained 16.44%. Over one year, the performance has reached 63.79%.
This momentum follows the April 29 publication, which reported a 4.9% organic growth in electrification for the first quarter of 2026. The group also signed an agreement to acquire Republic Wire, an American manufacturer valued at approximately €680 million, an operation that strengthens its North American presence. Shareholders are summoned to the general assembly on May 21. The dividend detachment will occur on May 25, with payment on May 27.
The Stock Moves Beyond the Upper Bollinger Band
At €160.10, the price is significantly above the upper Bollinger band set at €146.06, indicating a marked overbought condition. The gap with the 50-session moving average (€124.87) exceeds 28%. The RSI is at 65, still below the traditional overheating threshold of 70, but rapidly increasing after the recent rally.
European peers today are mixed: Legrand is up 0.86% while Schneider Electric drops 0.48%, in a CAC 40 that is down 0.5% during the session. The sectoral context is busy, with Brent around $108 and the ECB maintaining its rates on April 30, pointing out increased risks to growth and inflation. The next calendar event is the general assembly on May 21, followed by the publication of the half-year results on July 29.
