Derichebourg Shares Drop 7.64% to €9.375 Ahead of Half-Yearly Results
The metal recycler's stock suffers a sharp setback mid-session, one week before the publication of its half-yearly accounts. The stock is among the biggest losers in the SBF 120, while the broader index is up by 0.41%. This movement extends the decline that started since the peak on May 14, bringing the quarterly performance to -0.69%.
A 7.64% Drop Bringing the Stock Below its 20-Day Average
Derichebourg falls 7.64% to €9.375 mid-session, down from €10.15 at the previous close. This drop ranks the stock among the biggest losers in the SBF 120, while the CAC 40 is up 0.32% and the SBF 120 advances by 0.41%. The decline brings the performance over the last three months to -0.69% and the weekly performance to -4.97%. The price has fallen below the 20-day moving average (€9.55), with a difference of -1.83%. Longer supports remain intact: the 50-day moving average at €8.90 is still 5.34% below the current price, and the 200-day moving average at €7.21 remains significantly distant. The RSI at 63 exits the high zone observed in mid-May. The technical support identified at €8.80 becomes the next reference level if the movement continues.
Half-Yearly Results Expected on May 28 Refocus Attention
The session occurs one week before the scheduled publication of the half-yearly accounts for 2025/2026 on May 28. The event will be closely watched to assess the initial effects of the operation on the German company Scholz, presented by the group as a lever to consolidate its European positioning in the recycling of metal waste. Today's decline is part of a movement that began earlier in the week, following the peak of €10.69 reached on May 14, the highest since early 2022. The stock has since lost more than one euro, nearly 12% relative to this peak. The sequence follows a relaxation after a strong rebound; the stock was still up about 45% for the year before today's session. The short-term schedule is focused on the May 28 meeting, which will provide the first numerical reading of the half-yearly results since the announcement of the Scholz operation.
