Rexel stock slides 9% over one month and falls back to its support level

A steeper decline than the index, at the contact of support

Rexel loses 2.33% to €32.65, while the SBF 120 declines 1.3% and the CAC 40 falls 1.33%. The stock ranks among the index's sharpest declines and retreats 9% over one month. It is trading 0.3% away from its support level at €32.64, a level the stock had not reached recently. The price is nearly 9% below the 50-day moving average, and the 200-day moving average stands at €36.08, or 9.5% above the current price.

The stock already fell 2% on Thursday, after losing its €33.33 support level. The MACD remains negative, accompanying this downward trend of several weeks. Today's session reflects a market penalized by tension over French government debt, with a 10-year OAT at 4.79% at the latest reading, according to the Banque de France.

Financing and acquisitions: the distributor's track record under scrutiny

Rexel announced on September 29 the success of its capital increase of approximately 500 million euros, launched the day before, following the announcement of the acquisition of American company GCG for 1.4 billion dollars. The operation is expected to be completed by the end of 2026. When publishing its first half 2026 results on July 27, the group indicated a net financial debt of €3,322 million, up €690 million since the end of December 2025, and raised its 2026 targets. The next milestone is the publication of third quarter revenue, expected on October 22.