Carrefour’s strong market performance: Canadian Couche-Tard interested in a merger

<p><a href="https://admiralmarkets.com/analytics/traders-blog/carrefour-shares-rise-merger"><img data-resize="auto" data-resize="auto" data-resize="auto" style="width:auto;" class="img-responsive" data-src="https://fxmedia.s3.amazonaws.com/articles/mceu_74212183311610547672435.jpg" /></a></p>
<p><span>Carrefour shares soared more than 14% mid-trading day on the Paris Stock Exchange to 17.60 euros per share, after it was announced that the Canadian supermarket giant Couche-Tard has contacted the French company to initiate "friendly talks" about a merger. The talks are very preliminary, according to Carrefour, but they have been very well received by the market.</span></p>
<p><span>Couche-Tard has more than 14,000 stores around the world, with a primary presence in North America, although it is also found in Europe, notably Poland, Scandinavia, and the Baltic countries, and operates in some countries under the Circle K brand. It has a market capitalization of 30 billion euros. Carrefour and has more than 12,000 stores in some thirty countries, and its market capitalization is 14 billion euros.</span></p>
<p><span><img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/mceu_73801413921610547771063.png" /></span></p>
<p><em><span>Source: Admiral Markets </span></em><a href="https://admiralmarkets.com/trading-platforms/metatrader-se"><em><span>MetaTrader 5 Supreme Edition</span></em></a><em><span>. Carrefour daily chart. Data range: from September 23, 2019 to January 13, 2021. Prepared on January 13, 2021 at 12:30 CET. Keep in mind that past returns do not guarantee future returns.&nbsp;</span></em></p>
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<p><span>On the chart, the Stochastic indicator shows that the stock is overbought while the MACD indicates strength. Moving averages are bullish. In recent months, it has moved in a strong lateral channel that has managed to break in the high zone and that ends with a bullish opening gap, breaking resistance.</span></p>
<p><span>Carrefour has not done well on the stock market in recent years. These are the quotes with which it has ended the last five years: 2020, -6.15%; 2019, 0.27%; 2018, -17.35%; 2017, -21.19%; 2016, -14.11%. So far this month, however, it has risen more than 25%.</span></p>
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