Pluxee Shares Surge 6.5% Following Rumors About Edenred, Breaking Through Resistance
The employee benefits specialist marks a strong rebound on the Paris Stock Exchange this Thursday morning, fully benefiting from the surge of its direct competitor Edenred. The stock breaks through a closely watched technical resistance during the session, after several weeks of volatile trading. This dynamic contrasts with the underlying trend observed over the year.
Pluxee in the Wake of Edenred, Second Largest Rise in the SBF 120
Pluxee's stock gains 6.5% to €12.12 in mid-morning trading, in a well-oriented Parisian market (the SBF 120 is up 0.34%). The stock ranks among the top gainers of the index, behind its direct competitor Edenred, which soars nearly 15% in the same session. The two players in the employee benefits sector often move in tandem, and Edenred's spike mechanically drives Pluxee in its wake.
This rebound extends the movement that began in recent sessions, already noticeable on June 15 when the stock had rebounded nearly 3% in the wake of the same Edenred. The market context remains favorable, supported by geopolitical easing in the Middle East and the retreat of oil prices. Despite this acceleration, the stock remains heavily down over the year, with a decline of nearly 35%.
Breaking Through the €12.32 Resistance in Session, Targeting MM200
From a chartist perspective, Pluxee has broken upwards through its €12.32 resistance during the session, reaching a high of €12.36, before slightly falling back to €12.12 last. The rebound places the price well above the MM20 (€11.53, a gap of 5.1%) and the MM50 (€11.77, a gap of 3%), confirming a short-term technical recovery. However, the MM200 at €12.82 remains 5.5% above the current price, continuing to represent the medium-term ceiling.
The RSI at 47 remains neutral, leaving room before any overbought signal. According to the consensus of analysts surveyed, the stock is trading at about 8.1 times the expected earnings for the current fiscal year, a modest valuation marker after the heavy correction recorded over the year.
