Carrefour (CARR.PA) is a renowned French multinational retail corporation with a market cap of €13.01 billion as of August 23, 2023. Founded in 1959 by Marcel Fournier, Denis Defforey, and Jacques Defforey, it is a pioneer in the hypermarket concept, blending supermarkets and department stores.
It went public in 1970, rapidly expanding globally to become one of the world's largest retail chains. Carrefour offers a wide array of products through various formats, including hypermarkets, supermarkets, convenience stores, and e-commerce platforms. Its history is characterized by innovation, adaptability, and a commitment to providing diverse consumer goods.
Carrefour stock has seen a lot of fluctuations in the past five years. The lowest stock price reached €12.10 in May 2020 while the highest stock price reached was €21.37 in May 2022.
Trading strategies that traders may consider using include day trading, swing trading, position trading etc. For example, position trading normally involves holding positions for a more extended period, typically months or even years, and making decisions based on long-term trends. This mode of trading may help traders to avoid short-term price movements, which tend to be more unpredictable.
Traders may also make use of some tools and indicators while analyzing the stock. One such tool is pivot points, which help traders to identify levels of support and resistance for a stock, around which significant price movements tend to occur. Others include candlestick patterns, chart patterns and line charts.
If you're thinking of trading Carrefour stock, it's crucial to consider its competitors as they can affect Carrefour's performance in the stock market. They include:
- Costco Wholesale (COST.US) is a well-known American multinational corporation that operates a chain of membership-only warehouse clubs. With a focus on providing bulk products and discounted prices to its members, Costco has gained popularity for its value-driven approach.
- Target Corp (TGT.US) is a prominent American retail corporation that offers a wide range of products, including clothing, electronics, household essentials, and more. Founded in 1902, Target has grown to become one of the largest discount retailers in the United States, known for its emphasis on trendy, affordable merchandise and a pleasant shopping experience. With its unique mix of private-label and branded products, Target appeals to a diverse customer base.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.