Rexel CEO Expects More Deals After Revere Acquisition in the US

French electrical equipment distributor Rexel SA, after announcing its 16th deal in North America since 2020, plans to pursue further complementary acquisitions in the US and Canada to capitalize on the boom in data centers and manufacturing. The company's CEO stated they will continue taking strategic steps to leverage growth opportunities in these regions. Rexel recently strengthened its North American presence by acquiring Revere Electric, aiming to enhance its capacity to meet demand in data center and industrial projects. The CEO indicated that similar-sized deals could emerge in the coming period. This is not investment advice.

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The stock has fallen 6.4% in the last 24 hours to 226.26. The RSI at 18.5 indicates oversold conditions, which could suggest a short-term bounce, but the MACD and signal line remain in negative territory with a continued bearish crossover. Trading below the 20- and 50-day moving averages confirms a weak technical outlook. Despite positive news, the market is prioritizing selling pressure, and upside movement may remain limited unless the downtrend is broken.

RSI 14

18.5

MACD

-3.35

24h Δ

-6.40%

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