Schneider Electric shares rebound but drop 21.5% over the quarter
The shares of the Rueil-Malmaison equipment maker recover mid-session in a Paris market trending higher. The rebound follows weeks of decline marked by the financing of the acquisition of US software publisher PTC. The stock nonetheless remains below its main moving averages.
A rebound that leaves the stock below its three moving averages
Schneider Electric shares gain 1.88% to €238.80, while the CAC 40 rises 1.04%. The stock ranks 13th in the 40-stock index, without appearing among the strongest gains of the session.
The stock is still below its 20-day moving average (MM20), with a gap of 1.32%, and more clearly below its 50-day moving average (MM50), with a gap of 10.55%. It also trades below its 200-day moving average (MM200), with a gap of 11.17%, which highlights the extent of the decline accumulated since autumn.
The RSI at 42 remains neutral and signals neither selling exhaustion nor overbought conditions. The price stands about 5% above the €227.85 support, which the stock briefly broke on Monday before rebounding, as reported in the episode of November 9.
A decline of more than 10% over one month following the financing of the PTC acquisition
Over one month, the stock falls 10.36%, and the decline reaches 21.37% over three months. This movement took shape after the announcement of the acquisition of PTC, whose financing was completed at the end of October. The group had carried out a capital increase of approximately €6 billion on October 20, followed by a bond issue of the same amount on October 28, with maturities ranging from 2028 to 2046.
Over twelve months, the stock still shows a gain of 3.44%. Meanwhile, Legrand, another stock in the sector, rises 2.72% at midday. The group's last financial appointment dates back to October 16: third-quarter revenue, with organic growth of 16.9%, exceeded expectations.
